Originally published: Marketing Stockport, 28 September 2023
A study conducted for Handelsbanken Wealth & Asset Management has found that one in five SME business owners plan to sell all or part of their business within the next two years.
The survey also found a further 11% will seek to downsize during the same period.
Of those considering sale or reducing their activities, a third (31%) blame rising costs, 18% cite performance-related issues and a further one in six (15%) need to release liquidity to deal with the cost-of-living crisis.
The Handelbanken study was carried out independent research company Pureprofile among a nationally representative sample of 100 UK SME owners, surveyed between 23 August 2023 and 25 August 2023.
