"According to the study, the pressure of economic challenges is leading more UK SMEs to consider selling or refinancing, but access to vital data is a major hurdle."
"Despite 41% of SME owners planning to explore a sale or refinancing in the next year, many admit to a lack of understanding their financial performance."
Recent research from K3 Advantage indicates that economic pressures have prompted a significant rise in UK SMEs contemplating sales or refinancing by 2025. The study found that 41% of SME owners are more likely to consider such actions compared to the last year. However, there is a troubling disconnect, as many businesses lack the accurate financial data critical for these transactions. A notable 63% recognize the importance of data insights, yet 40% admit their intuition about business performance often clashes with actual data.
Read at London Business News | Londonlovesbusiness.com
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