A recent report has shown that small firms based outside of London survive longer, showing they are more resilient to economic instability.
The research, published by eBay, shows that fewer than two out of five startup businesses survive more than five years, a stark contrast to the figures coming from other areas of the country, with 45 per cent in the South West of England, 44 per cent in the East and 42 per cent in Scotland.
Start-ups play a vital role in the UK economy and are critical to job and wealth creation. At Beavis Morgan, we work with a number of entrepreneurs and startup businesses, helping them set up and run their businesses, whilst navigating the challenges and advising them on making the right decisions both now and for the future. We also understand that whether you’re a start up or a well-established business, cash is king and managing its flow is crucial to your immediate and long-term success. That’s why our independent finance brokerage, BM Structured Finance, is readily available to assist startups source the right funding for their individual needs.
For more information about how we can help you and your startup business, contact Steve Govey, Partner within our Beavis Morgan Entrepreneur Support Team, or Simon Belton of BM Structured Finance.