Page last updated at 10:11 GMT, Tuesday, 16 March 2010

Cold winter 'cost UK small firms 7bn'

Van that has gone off the road in snow in Berkshire in January
Lloyds said 42% of firms experienced disrupted supplies or deliveries

The worst winter in decades has cost the UK's small and medium-sized companies (SMEs) about £7.3bn, a study has said.

With snow and ice hitting deliveries and causing firms to close up shop, 70% of SMEs said their trade was affected, said Lloyds TSB Commercial.

Of the 1,003 firms questioned, 23% said they were unaffected, and 7% said the cold weather had helped their trade.

Lloyds said Welsh companies suffered the most during the winter.

'Double blow'

The study found that across the UK, 39% of SMEs were directly affected, which it determines as a company which was either forced to close its premises, or saw it cut off by snow or ice.

Meanwhile, 42% said they suffered indirectly through disrupted supplies or deliveries.

In addition, some said they experienced both a direct and indirect impact on their trade.

Businesses in Wales suffered the most direct impact - 59% - with those in the West Midlands the least affected - 30%.

"Businesses have faced a double blow over the past few months," said Stephen Pegge, head of external affairs for Lloyds TSB Commercial.

"They have had to grabble with the downturn in trade as a result of the recession, as well as the impact of the severe weather conditions."



Print Sponsor


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites

FROM OTHER NEWS SITES
The Scotsman Scottish Business Briefing - Wednesday 17 March, 2010 - 1 hr ago
Silicon.com Outsourcing: UK carbon control plan needs a rethink - 2 hrs ago
Mail Online UK Winter bids a wet and windy farewell as storm blows in - 8 hrs ago
Press Association Recession boost for vitamins firm - 19 hrs ago
Guardian.co.uk Debenhams dips despite first half profit optimism - 21 hrs ago


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific