Small and medium sized companies are the lifeblood of Northern Ireland industry, so it stands to reason the health of this sector will give an indication of how the rest of the economy is performing. Symon Ross hears how four companies are coping in the post-recessionary period.
Very few businesses, large or small, have completely avoided the effects of the recession.
But while many of Northern Ireland’s biggest firms have announced huge cuts to staff levels and production, it has been in the SME sector where the changing dynamics of the economy have often been most acutely felt.
While the wider economy is now showing signs of life, the Federation of Small Business’s policy chair Wilfred Mitchell notes that for many small firms, recovery from such a prolonged downturn will not happen overnight.
“Evidence and statistics gathered by the FSB over the last 18 months or so clearly indicates that small business owners in Northern Ireland are feeling the impact of the economic recession more than their counterparts in the rest of the UK,” he said.







