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Study finds 82% of business owners suffered from poor mental health in pandemic

A study carried out by insurer Simply Business has found that 82% of business owners suffered from poor mental health during the coronavirus (COVID-19) pandemic.

21 Jan 2022

A study carried out by insurer Simply Business has found that 82% of business owners suffered from poor mental health during the coronavirus (COVID-19) pandemic.

One in five owners surveyed stated that their mental health was 'in a bad place' as a result of the pandemic. Three in five have experienced stress and more than half suffered from anxiety, Simply Business revealed.

Over half of those polled also believe that future lockdowns could adversely impact trade.

Additionally, one in five business owners are concerned about supply chain issues. The survey found that many are facing challenges in delivering goods and sourcing appropriate stock.

Alan Thomas, UK CEO of Simply Business, said: 'Small business owners have encountered countless challenges during the course of the pandemic, with COVID-19 costing owners over £20,000 each on average. Livelihoods are on the line, and understandably this has had a huge impact on people's wellbeing – with a staggering 82% reporting poor mental health last year.'

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020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

About us

Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

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