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Business Breakdowns Disrupt 1.8m SMEs a Year

On-site business emergencies are costing UK SMEs an estimated £598 million a year in lost earnings and repair costs. A study from Home 3’s Business Emergency Assistance reveals that more than one in three (38%) small businesses has experienced problems on their premises in the last year, with power failures (41%), blocked drains (25%) and lighting failure (20%) the issues most likely to be reported. Nearly a quarter (24%) of affected businesses suffered a loss of earnings as a result and almost a fifth (16%) had to close their premises. Almost one in ten (9%) has lost customers as a result of their business’ breakdown, and some (3%) believe it’s even affected their company’s reputation. The biggest on-site problems affecting SME owners this year are: Power failure Blocked drains Lighting f... »