Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.


For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Brits worried that high streets could disappear

12 February 2019

Abandoned shopping cart on yellow backgroundBig name store and café closures are causing anxiety among consumers as empty shop fronts continue to dominate some UK high streets.

Research by KIS Finance has found that 61% of Brits say they are worried that the high street will disappear in the next ten years.

Its survey of 1,000 UK consumers has found that northern cities have been worst hit by store closures. The UK cites most affected are: Leeds, Glasgow, Aberdeen, Bradford, Cardiff, Doncaster, Leicester and Manchester.

It's not just the well-known chains that are at risk. Shoppers polled are also concerned about the future of independent retailers. When asked what the high street will look like in ten years, consumers predicted it would be full of restaurants, coffee shops, second-hand shops, bars and fast-food restaurants.

Retail chains, including department stores, came in sixth place; however, independent shops lagged behind at 11th place, after cinemas, clubs, banks and travel agents.

When asked what would tempt them back to the high street, the top answers from Brits were:

  • More staff to ensure that the experience is quicker (41%);
  • Clearer stock check in-store (34%);
  • 24-hour service so you can shop at any time (27%);
  • Self-checkout service to avoid queues (26%).

Shoppers also said that they would be more likely to shop in-store if there was free parking and easy accessibility.

James Child, retail analyst at EG, said: "The raft of CVAs and administrations in the [retail] sector has culminated in an expected 1,600 store closures across the UK, with over 18 million square foot of prime retail real estate vacated. When we break down the events of 2018 there are some trends which we could well see exacerbated into 2019 - due to fragile trading conditions and economic uncertainty."

Some sub-sectors will face more pressure others, he added. "Food and beverage, value and fashion brands will come under more strain as over-stretched markets begin to weed out weaker offers as retail Darwinism bites."

Holly Andrews, md at KIS Finance, said: "Retailers need to ensure that they are thinking innovatively about how to draw customers in with clearer in-store stock checks, more staff and extended hours during busy periods. The reason why so many retailers are struggling with their stores is because consumer shopping habits are changing and the high street needs to change with it, creating a more community-led atmosphere with more accessibility and variety for everyone."

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry