Harrison Young logo Incorporating Harrison Young

Coronavirus pandemic 'has already cost SMEs £277,000 each', research suggests

Research carried out by online marketplace Fiverr has suggested that the coronavirus (COVID-19) pandemic has already cost UK small and medium-sized enterprises (SMEs) £277,893 each.

Call 020 7703 7594 or email info@pjtandco.com

Research carried out by online marketplace Fiverr has suggested that the coronavirus (COVID-19) pandemic has already cost UK small and medium-sized enterprises (SMEs) £277,893 each.

The research was collected by polling SME owners in 19 UK cities, and revealed regional differences of opinion. Fiverr found that businesses in London are most positive about flexibility, with 66% appreciating the flexibility of compulsory remote working.

57% of businesses in Bristol stated that they feel more connected to their employees as a result of the COVID-19 lockdown, and 84% of employees have been enjoying closer connections with their family members.

64% of small firms in Newcastle reported feeling underprepared for the crisis, while 29% of UK small businesses plan on increasing flexible working options post-COVID-19.

However, an additional 64% of SMEs expect their revenues to decrease in the coming months as a direct consequence of the pandemic.

About our Team

Our partners have individual specialisms which enable us to provide clients with a first class tailored service

Learn more

Latest news
Contact Details

Please call:
020 7703 7594
020 8767 0151 (HY)

PJT and Co
Chartered Certified Accountants
Accountancy House
90 Walworth Road

London SE1 6SW

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2020 PJT and Co Chartered Certified Accountants. All rights reserved. powered by totalSOLUTION.

We use cookies on this website, you can find more information about cookies here.