Finance for Small and Medium-Sized Enterprises - DTI Home Page

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Finance for Small and Medium-Sized Enterprises: A Report on the 2004 UK Survey of SME Finances Figure 2.3.1: Sources of Financial Advice 6% 35% 4% 8% 16% Bank Manager Accountant No Advice Friends Other Don't Know N P Base: All SMEs = 3,625,416 (Unweighted N=2,500) • Accountants are use d as the main source of help with financial decisions in almost one-third of the population. • B ank managers are the main source of advice for 16% of SMEs. • Over a third of SME s use no external advisers. Analys is of the sources of financial advice, by gender and ethnicity are reported in the following charts. 31% 43
Finance for Small and Medium-Sized Enterprises: A Report on the 2004 UK Survey of SME Finances Figure 2.3.1a: Sources of Financial Advice by Gender of Majority of Owners 9% 25% 8% Majority Female Owned Businesses 5% 13% Bank Manager Accountant No Advice Friends Other Don't Know Base: Majority Female Owned SMEs N = 904,532 (Unweighted N=713) 5% 39% 7% Majority Male Owned Businesses 4% P 17% Bank Manager Accountant No Advice Friends Other Don't Know Base: Majority Male Owned SMEs N P = 2,719,524(Unweighted N=1784) 40% 28% 44
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