Reported on Fri, 23 Jun 2006

Small businesses are ill-prepared to recover from a major disaster, according to latest research. However, taking out a business loan could aid businesses should the worst occur.

Figures reveal that around 30 per cent of UK businesses with a £1 million or more turnover would take over 48 hours to become operational again in the event of a disaster, reports Computing Magazine.

A further 38 per cent of businesses would take between 24 and 48 hours to become mobile again.

The survey by IP communications vendor Mitel also worryingly revealed that just 20 per cent of companies would be up and running in a working day.

Results show that a third of companies would give their staff the day off if they were unable to access the officer and over a quarter of managers would rely on their mobile phones.

"Although business continuity has become a higher priority, it's clear that the vast proportion of UK firms are ill-prepared to maintain operations if employees are unable to get to work," Graham Bevington, UK managing director at Mitel, told the magazine.

A business loan could provide support for companies hit by a disaster and help them overcome a period of potential financial loss.
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