The impact of the recent recession on the sales performance of small and medium-sized companies was more sudden and severe than that experienced in the early 1990s, but the drop in employment levels has been less dramatic.
This is according to the Quarterly Survey of Small Business in Britain, produced by The Open University Business School with support from ACCA (The Association of Chartered Certified Accountants).
The report shows the smallest firms have suffered the most from the effects of the recession. For fuller summary see here.
