It’s no surprise that businesses are feeling more uncertain than ever. With everything that’s happening in the wider market – from rising energy costs to interest rate hikes, inflation, supply chain disruption –an astonishing 76% of SMEs and financial intermediaries are predicting that the UK will fall into a recession later this year*. For many, the outlook will only worsen if they don’t seek support soon.
The previous two years have taught business owners to be more resilient in times of turbulence and to act swiftly where possible. Already, we’re seeing that companies are beginning to make major sacrifices in order to combat and manage the greater cost of doing business, getting themselves as ready as they can be, for the next few difficult months.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.
