One-third of SMEs could close in no-deal Brexit, bosses warn

One in three UK SMEs are considering closing their businesses in the event of a no-deal Brexit, according to research from M7 Real Estate. Some 45% of small businesses fear they will go out of business with a year with their current corporate set-up. Businesses in London are at a greater risk of closure: 51% said they fear closure within a year, compared with 43% outside of the capital. M7’s survey of 1,084 UK SME business leaders also found that 63% believe they their businesses may not survive longer than five years if the UK fails to negotiate a deal