Do you have an up-to-date business plan?
Yes
No
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How would you describe your turnover performance against forecast last year (2023)?
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Turnover was in line with forecasts
Turnover was above forecast
Turnover was below forecast
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Do you feel in control of your company’s profitability?
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Yes, I feel fully able to control profitability
I feel there are definitive areas I control that would improve profitability
I feel that there is little I can do to improve profitability
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How do you think you are performing compared to your closet competitors?
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My competitive set have performed better recently
We are performing at about the same level as our competitors
We are performing better than our competitors
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Do you ever struggle to pay invoices on time?
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Yes, occasionally we need to hold invoice payment back until we have the cash in the business
Yes, we regularly pay invoices later than the payment terms
No, we always play our invoices on time
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Do you ever struggle to collect payments on time?
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Yes, occasionally we experience late collection of money owed
Yes, we regularly receive payments later than the payment terms
No, we always receive our invoices on time
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Do you ever make use of your overdraft facility?
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We regularly exceed our overdraft limit
We regularly make use of our full overdraft
We occasionally use our overdraft
We never use our overdraft facility
We don’t have an overdraft facility
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How frequently do you undertake a financial forecast or reforecast?
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We produce a financial forecast every six months
We produce a financial forecast once a year
We produce a financial forecast less than once a year
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Does your business have a sales and marketing strategy?
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We have a fully formed and co-ordinated sales and marketing strategy
We have separate sales and marketing strategies
We have sales and marketing targets which are communicated to the business
We don’t have sales and marketing strategy or objectives yet
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How regularly do you review your supply chain?
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We conduct a thorough evaluation of our supply chain every year
We review our supply partners and processes every two to three years
We evaluate our suppliers on an ad hoc basis
We look at our supply chain whenever there’s a problem
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Have you adjusted your prices in 2023, in response to inflationary pressures?
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We have adjusted our prices to reflect our own cost increases
We have increased our prices, but have had to absorb some cost increases
We haven’t increased our prices yet
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Do you sell your products/ services to overseas customers?
No, our market is UK only
We have a small number of customers overseas
We have a growing number of overseas customers
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Has a lack of available capital prevented you from investing in areas of your business?
No, we haven’t found lack of funds a barrier to business investment
We haven’t had as much capital to allow us to invest as much as we would like
Yes, we haven’t invested in the business due to lack of funds
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Did you struggle to attract or retain staff last year (2023)?
Yes, staffing has proven very challenging
Staffing challenges have been consistent with previous years
No, we have no real issues filling positions and keeping staff
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Do you have an operational plan in case of cyber-attack or system outage?
Yes
No
We're working on one
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How frequently do you review your cyber security policies?
Every year
Every six months
Less than once a year
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