adverse weather

Adverse Weather Costs Small Businesses £2.1bn

38% forced to close during recent cold snaps 41% unable to remain fully staffed Over a third of the UK’s small businesses had to close during last year’s extreme weather conditions at an estimated cost of £2.1bn, according to a survey of 397 SME owners conducted by small business telecom and broadband specialist XLN Telecom. 38% of respondents stated that they were forced to close for between 1 and 4 days, whilst 41% were unable to retain a full workforce as a result of the poor weather. The importance of personal service for small businesses was also echoed, with 75% of those surveyed counting face-to-face contact as vital to the running of their business. The results also highlight the impact of shutting up shop on turnover: 31% of those questioned predicted losses of b... »