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Azets: UK SME powerhouse too big to fail


Azets: UK SME powerhouse too big to fail
Verdict Staff
April 8, 2021 (Last Updated April 8th, 2021 13:19)
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On 12 April, non-essential retail, gyms, hairdressers, and outdoor hospitality businesses will be allowed to reopen as the nationwide lockdown is eased further. Azets partner and SME specialist Donald Boyd said:
“In 2008 certain banks were too big to fail.  And now the SME powerhouse of the UK is too big to fail as a result of the pandemic. We’re all breathing a sigh of relief as some semblance of normality resumes, but businesses reopening face many uncertainties.
“We hear from SME clients across all industries that their main worries include: Retail desperately trying to transition from bricks and mortar to omnichannel while demand has tanked; hospitality and tourism dealing with a customer demand wasteland through social distancing, movement restrictions and changed attitudes; manuf ....

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