1 in 5 SMEs Miss Out on New Business Opportunities because of Lack of Finance
London, England – 9/21/2017
Missed business opportunities are costing the country’s SMEs an average of £77,651 a year.
Recent studies have revealed that 19% of UK small and medium-sized businesses (SMEs) have missed out on numerous business opportunities in the past few months merely because of lack of funds.
Thousands of business owners all across the nation took part in the survey, which found that financial ramifications of missed business opportunities have been significant and on average UK companies are losing revenue worth £77,651 per year.
Businesses with 50 to 249 employees have been worst hit, with 32% saying that they’ve been severely affected due to having no access to finances they require. This has amounted to an impact on revenue of around £112,508 per firm over the past few years.
This contrasts with more than 28% of small business (those with 10 to 49 employees) missing new opportunities, 15% of micro business (<10 employees) and 9% of traders saying they have been severely affected.
According to Nucleus Commercial Finance’s CEO, “With an excess of two fifths of small and medium-sized enterprises claiming that their priority in the year 2017 is attaining growth, it’s exasperating to see that businesses have been missing several new opportunities because lack of finance. To our knowledge, SMEs in the UK have reserved their aspiration to thrive regardless of an indecisive economic situation, which is why it’s crucial that financial firms offer business’ every chance to be successful.”
Nucleus Commercial Finance is dedicated to providing SMEs in the UK with alternative business finance options. They wish to educate firms about their flexible, cost-effective and bespoke finance options, like cash-flow, invoice, asset finance, etc.
Nucleus Commercial Finance offers SMEs products and services that come with assured proficiency, certainty and honesty. The funds and services provided by them come with an upfront fee and they don’t mask any hidden costs. To know more about their service visit, https://nucleuscommercialfinance.com/products/unsecured-business-loans.
Nucleus Commercial Finance Ltd.
2 Gees Court
+44 (0)207 839 9451