More NewsLondon businesses ill-prepared for terror attack

London businesses ill-prepared for terror attack

CBI/KPMG survey is worrying news for capital

Half of businesses operating in London do not have a plan in place to deal
with a terror attack or other emergencies, a joint survey by the Confederation
of British Industry and KPMG has found

Only 47% of companies with less than £5m turnover (over 98% of the capital’s
businesses) have a contingency plan, with a further 29% drawing them up, the
latest London Business Survey revealed.

As expected, bigger companies are better prepared, with 56% of firms with a
turnover of £6m – 20m have a plan, rising to 79% for companies with a higher
turnover.

Rick Cudworth, global service leader for business continuity services at
KPMG, said: ‘Surprisingly, these figures are similar to those of last year – and
would seem to indicate that whilst there is plenty of guidance and help
available in drawing up and testing plans, a proportion of London businesses
still believe that it won’t happen to them.’

Sir Digby Jones, CBI director-general, said: ‘There is a worrying lack of
preparedness revealed by companies who too often believe they won’t be affected.
But whether it is fire, flood, fraud or something more sinister, the need to
have tried-and-tested continuity plans is crucial.’

Related Articles

Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

4m Alia Shoaib, Reporter
Increase in UK business confidence despite Brexit, according to ICAEW

More News Increase in UK business confidence despite Brexit, according to ICAEW

7m Alia Shoaib, Reporter
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

Insolvency The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

11m Accountancy Age editorial
Leonard Curtis called in as administrators for builders Boshers

Legal Leonard Curtis called in as administrators for builders Boshers

11m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

11m Stephanie Wix, Writer
"Not enough time" to implement MTD by 2018, says Tyrie

Corporate Tax "Not enough time" to implement MTD by 2018, says Tyrie

1y Stephanie Wix, Writer
Colin: A spoonful of investment...

Governance Colin: A spoonful of investment...

1y Stephanie Wix, Writer