Many small companies rely on power and hand tools. Luckily for bosses, there are now plenty of these products on the market and, as long as they know where to look, they can benefit from superb deals too.
When trading conditions are good, managers are often more willing and able to invest in new tools. After all, they may need more of these resources in order to cope with rising demand. Also, when finances are buoyant, they can take the opportunity to replace any equipment that has seen better days.
Recently, the Federation of Small Businesses (FSB) noted that confidence among small businesses is on the rise in the UK. This may lead to an increase in demand for measuring tools and other similar products.
The organisation’s Small Business Index reached 115.9 points during the second quarter of this year. This was 9.6 points higher than the previous three-month period and it was the second highest reading since the Index began in 2010.
Manufacturers were among the organisations reporting increased confidence.
The FSB revealed that more firms expect turnover to increase during the third quarter of 2013, while a larger number of businesses anticipate a rise in staffing levels over the period. The organisation also noted that more small companies reported rising exports and export growth is expected to pick up further over coming months.
Its national chairman John Allan said: “After five consecutive quarters of year-on-year growth, confidence is moving in the right direction. Small firms want to employ more people and grow their business. They want to export and expect turnover levels to increase.”