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.

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.

Latest News

020 3926 4111

J.D. Bregman & Co. Ltd
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX


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

© 2021 J.D. Bregman & Co. Ltd. All rights reserved.

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

The Provision of Services Regulations 2009
We are registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales/Association of Chartered Certified Accountants. Details of our audit registration can be viewed at www.auditregister.org.uk under reference number C002869433

Our professional indemnity insurer is QBE European Operations of Plantation Place, 30 Fenchurch St, Billingsgate, London EC3M 3BD. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States or Canada.