Coronavirus crisis holds 620,000 SMEs in distress endangering 2.8 million jobs

Coronavirus crisis holds 620,000 SMEs in distress endangering 2.8 million jobs


cpa.co.uk/coronavirus-crisis-holds-620000-smes-in-distress-endangering-2-8-million-jobs/

14% increase (76,000) in SMEs in significant financial distress in the last quarter

620,000 SMEs in significant financial distress – 118,000 increase since the first lockdown (23% from Q1 2020 – Q4 2020)

20% increase in real estate and property SMEs in significant distress in Q4 2020, now 31% higher than at the start of the first lockdown (Q1 2020)

Start-ups hit hard since start of the first lockdown (Q1 2020)

82% increase in telecoms and IT start-ups, 80% increase in transport and logistics start-ups and 77% increase in construction start-ups in significant distress

SMEs in significant financial distress now employ 2.8 million people