SMEs across the UK are counting the cost of the lockdown as they prepare for a testing final quarter of 2020.
Risktech business Nimbla, surveyed 2,000 UK SMEs and found that £2.2 billion in revenue (for goods and services provided during lockdown) has been lost because those customers fell into administration. A number that is set to increase dramatically over the course of the next year.
More than a third (38 percent) of SMEs are still waiting to be paid an average of £59,013, for work they completed before the lockdown.
Worryingly, a fifth (21 percent) of these companies believe they will never recov...