Insights into the health of Small Business

UK | Reporting period: January 01, 2018 - January 31, 2019 Published: March 6, 2019 Next publish: April 8, 2019

Cash flow

47.8%

of UK small businesses were cash flow positive in January 2019

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of UK small businesses were cash flow positive in January 2019
-2.34p.p.
Month on month
1.42p.p.
Year on year

Cash flow

Percent of UK small businesses that are cash flow positive

Over the past year, on average 49.7 per cent of UK small businesses are cash flow positive in any given month, with incomings and outgoing highly variable at different times of the year.

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Getting paid

42.3

average number of days for a UK small business invoice to be paid in January 2019 (30-day term)

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average number of days for a UK small business invoice to be paid in January 2019 (30-day term)
11.74%
Month on month
-0.80%
Year on year

Getting paid

Average number of days for a UK small business invoice to be paid (30-day term)

The average delay for these payments over a year was 40 days, with the worst months for late payments typically falling in the first quarter of the year.

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Hiring people

-0.4%

change in the number of UK small business employees from December 2018 to January 2019

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change in the number of UK small business employees from December 2018 to January 2019
-0.32p.p.
Year on year

Hiring people

Percentage change in the number of UK small business employees

March was 2017’s highest employment growth month at 2.88 per cent - coinciding with March being a relatively high-cash flow month - while the worst months for employment growth are October to December.

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Trading overseas

-35.3%

change in the total sterling value of imports and exports for UK small businesses from December 2018 to January 2019

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change in the total sterling value of imports and exports for UK small businesses from December 2018 to January 2019
-30.20p.p.
Year on year

Trading overseas

Percentage movement in the total sterling value of imports vs. exports

Leading up to the Brexit referendum in June 2016, our data revealed decreases in import growth rates, with the year-on-year (YOY) growth rate in April 2016 hitting a high of 30.58%.

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Cloud adoption

40.3%

growth in UK subscribers on Xero in the year through 30 September 2018

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growth in UK subscribers on Xero in the year through 30 September 2018

Cloud adoption

A breakdown of the top 5 UK industries adopting Xero

Professional Scientific and Technical Services, and Construction industries adopted Xero more than any other sector in the year through 30 September 2018.

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UK | Reporting period: January 01, 2018 - January 31, 2019 Published: March 6, 2019 Next publish: April 8, 2019