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A new study has revealed that in the last three months the number of SMEs predicting they could close has doubled from five per cent to 10 per cent.
Produced by Hitachi Capital Business Finance, the report makes for worrying readying as the proportion of small business owners reporting their concerns about business failure have remained consistent at around four to five per cent for the past seven quarters.
The study shows that:
Hitachi Capital said: “For the past year, our research has shown that the small business community has seen political and economic change as an opportunity.
“Our latest findings, though, suggest the protracted nature of Brexit negotiations may now be taking its toll.”