Quarter of UK small businesses worry they can't handle financial shocks, HSBC survey reveals.

A quarter of UK small businesses fear they cannot withstand financial shocks, according to an HSBC survey. Over two-thirds of business owners reported difficulty in growing their firms to meet customer demand in 2024 and anticipate similar challenges in 2025. Rising costs and borrowing issues are key barriers to growth, with 53% of firms holding less than £50,000 in cash reserves.

December 09, 2024
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