Smaller businesses less likely to make staff redundant than larger firms

Paul Tofton, partner at Forrester Boyd commented; “Many businesses are understandably pre-occupied with seeing themselves survive over the next 12 months.  Unfortunately, few will come through this period unscathed and if survival means having to reduce headcount, then this may be one of the few options available to them. It’s interesting, however, that smaller companies in the survey appear more resilient and may be an indication that they already run a leaner business than larger businesses.”

“For any business at the moment, the key is to survive and then thrive. With Brexit around the corner and with the winter months looking to deliver more challenges for businesses, the importance of cash flow and business strategy and planning are more critical now than ever.

“Therefore we are working with businesses to deliver a ‘business health check’ service.

“With so many grants, deferrals, loans and tax savings, businesses need to ensure that they have crossed every ‘t’, dotted every ‘I’ and are ensuring they are benefitting from valuable tax savings that many are not aware of,” said Paul.

With offices covering the Humber and Lincolnshire region, Forrester Boyd are offering a no obligation initial consultation with any business who would like to discuss their business structure, strategy and finances.