Study finds 82% of business owners suffered from poor mental health in pandemic

21 Jan 2022

A study carried out by insurer Simply Business has found that 82% of business owners suffered from poor mental health during the coronavirus (COVID-19) pandemic.

One in five owners surveyed stated that their mental health was 'in a bad place' as a result of the pandemic. Three in five have experienced stress and more than half suffered from anxiety, Simply Business revealed.

Over half of those polled also believe that future lockdowns could adversely impact trade.

Additionally, one in five business owners are concerned about supply chain issues. The survey found that many are facing challenges in delivering goods and sourcing appropriate stock.

Alan Thomas, UK CEO of Simply Business, said: 'Small business owners have encountered countless challenges during the course of the pandemic, with COVID-19 costing owners over £20,000 each on average. Livelihoods are on the line, and understandably this has had a huge impact on people's wellbeing – with a staggering 82% reporting poor mental health last year.'

About us

Higgisons was formed by John Higgison in Oxford Street in 1965 and was originally part of the Accountancy Tuition Centre until James McHale became managing partner and the firm moved to its City Road premises in 1982.

We like to become involved at the planning stage of the formation of a business venture to ensure that it is structured as flexibly and efficiently as possible so that it can cope with changes in legislation or personal circumstances.

Higgisons Chartered Accountants
Higgison House
381-383 City Road
London
EC1V 1NW


© 2022 Higgisons Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.