60% of small firms in London looking to expand in recession
Around 60% of small and medium-sized firms in London are concentrating
on expanding their businesses during the recession, according to a poll
by Business Link in London.
The survey of more than 3,000 small businesses in the capital found that despite three-quarters being affected by the economic downturn the majority of small firms do not want to just consolidate their firm, but actually expand.
The poll also found that 42% of small companies are looking to exploit new business opportunities and 17% are developing new products and services to increase their market share.
"There's a great deal of optimism in the face of the recession, with the majority of SMEs remaining committed to growth," said Patrick Elliott, chief executive of Business Link in London.
XT Motion have been a pleasure to work with, they had a raft of great design ideas that have worked to completely transform our website. They took the time to really understand our business and create a site that fulfils all our needs. We would happily recommend them to anyone wanting a really high quality website.
Business Development Manager
We are very pleased we chose XTmotion to build our website. They have extremely helpful and responsive throughout the design and construction phases - often giving us very useful advice. We are delighted with the resulting website - which XTmotion constructed very quickly once we had produced the content.