• 01 Nov

    The Consequences Of Insufficient Funding To High Growth Companies

    When we surveyed 100 high-growth companies, we identified 59% who said they had not had access to sufficient finance and funding to support their growth rate (growing faster than 20%+ pa). We went on to question them about the consequences of that lack of funding and these were their responses:

    • 40.7% - Had to turn down business

    • 22.0% - Now owe money

    • 13.6% - Became loss-making

    • 8.5% - Had to get rid of staff

    • 5.1% - Experienced poor cash flow

    • 3.4% - Didn't grow as predicted

    The key issue this identifies is the link between the lack of finance available to fast-growing companies, the loss of business in the UK and the loss of UK jobs - both essential to growing the UK economy and continuing its recovery. Plugging the funding gap for high-growth companies should be a priority - these businesses are already outstripping the average GDP growth rate in the UK, and with more funding, they can contribute even further.

    By Glenn Blackman

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Examples of funders we work with:

skipton
kriya
ultimate finance group
pennyfreedom
berkeley
time finance