SMEs shunning finance for ‘self-sufficiency’?

BKL tax partner David Whiscombe comments via the UK200Group on a new study that suggests SMEs are shunning finance for ‘self-sufficiency’.


“The conclusion I would draw is not that SMEs don’t need or want external finance; it’s that banks have, by and large and with some honourable exceptions, lost the trust of the SME community.  It will take them a long time to recover it, if they ever do: and in the meantime the opportunity for trustworthy non-traditional lenders to fill the gap is there.”


Further comment is available on the UK200Group website.




Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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