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.
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.
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