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CUTTING COSTS FOR BUSINESS
The UK's 4.8 million Small to Medium Enterprises (SMEs)are throwing money away by failing to review their outgoings often enough.
More than half of SMEs go at least 6 months without reviewing costs
14% never review their spending at all
TOP FIVE BUSINESS EXPENSES*
Excludes staffing costs
MATERIALS AND SUPPLIES RENT AND RATES VEHICLE FUEL IT TECH SUPPORT SOFTWARE UTILITIES
Nearly a fifth of those questioned said these combined costs made mor than 50% of their businesses' total annual expenditure
BUSINESS COST CUTTING IDEAS
BE ENERGY SMART
�1 in every �2 spent on electricity by businesses could be wasted
Some businesses could save �1,200 on their annual bill just by switching off car park lights at the weekend
Nearly 50% of business electricity use happens outside of the traditional business hours of 8am-6pm
Almost a third of UK firms have had their energy contracts rolled over, meaning they could be paying up to 61% too much for gas and electricity charges.
BE WATER SMART
Audit your water usage.
Recent statistics show that 75% of all commercial water charges are wrong
BE TRAVEL SMART
16% Companies which had deals with preferred hotel companies were able to achieve average discounts of 16 per cent