SMEs need to keep an eye out for sudden changes to the economic climate next year that could potentially damage their trading figures, says independent chartered accountants WBV Ltd.
The Office of National Statistics (ONS) has released new figures showing that retail sales volumes rose by 6.4 per cent in 2014; the highest year-on-year increase since May 2004.
According to Neath and Swansea based WBV this culminated in higher than expected results in November where figures rose by 1.6 per cent; significantly more than the 0.4 per cent predicted. This was seen by many as a result of the successful ‘Black Friday’ sales on 28 November.