Our latest research* has delved into the issues that are most important to business leaders.
We spoke to 1,000 senior decision makers from small and medium-sized businesses (SMEs) in the UK to discover what their priorities and challenges are for the next 12 months.
Whilst businesses are focusing on growth and increasing customer numbers, there are also challenges in the form of cost reduction, and late payments to contend with. Read on to find out the key findings from the latest Aldermore SME Growth Index…
SME business leaders across the UK told us that the most important priorities on the horizon for them are:
The research uncovered that businesses intend to invest on average £232k on growing their business in the next 12 months. Area for investment include:
Almost all of the businesses we spoke to (92%) said that they are experiencing some barriers to growth, including:
The issue of late payments also continues to be a problem for businesses, with £96k being the average amount owed.
Common issues arising out of late payments are:
If you’re one of the many businesses in the UK looking to unlock cash tied up in invoices, fund new assets or equipment, bridge a finance gap, invest in commercial property, or obtain finance for property development, we’re here to help. Aldermore has a range of finance options that could support your goals. Our business financing solutions are tailored to your requirements designed to help you turn your dreams into reality.
*Source: Research conducted by Opinium on behalf of Aldermore between 16 – 29 April 2024 of 1,000 SME Senior Decision Makers.
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