A fifth of SMEs have reinvested all their profits - just to stay afloat this year
One in five small businesses has re-invested all their profits just to stay afloat this year, according to research.
A poll of 500 SMEs revealed the cost-of-living crisis (38 per cent), energy price hikes (33 per cent) and increased supplier costs (23 per cent) have eaten into margins.
As a result, plans to make their businesses more sustainable have been put on hold.
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