×


Home About Contribute Media Kit Contact Sign In
×







.


Finance Industry News

How safe is your business? New data reveals the safest London boroughs for business


Richmond upon Thames is the safest borough to run a business, with lowest crime rates for theft, burglary and robbery. Westminster is the least safe place to trade, with crime rates exceeding that of any other borough

How safe is your business? New data reveals the safest London boroughs for business


"For those small or medium businesses that are looking to start up a bricks and mortar store, trusting your locations safety is pivotal."
Yanis Zisis



Analysing UK crime statistics such as theft and robbery, from the Metropolitan police, Paymentsense have compiled a new study revealing the safest places to start a business in London.

The study suggests that picking somewhere further West is the best bet, but business owners should think about these risks compared to how profits could be affected by choosing the outskirts of London for your business.

Westminster, Camden, Kensington and Chelsea were the boroughs deemed most dangerous to start a business. All located next door to each other in the heart of London, these boroughs see plenty of footfall from residents, tourists and commuters – great for attracting shoppers, but also criminals too.

Where is safest to set up shop?

Based upon crime statistics in relation to population of the borough, these are the top five safest boroughs to start a business.

  1. Richmond upon Thames
  2. Harrow
  3. Sutton
  4. Ealing
  5. Merton

Where are you potentially putting your business at risk?

  1. Westminster
  2. Camden
  3. Kensington and Chelsea
  4. Islington
  5. Hammersmith & Fulham

While these places undoubtedly offer a lot of potential, it’s good for businesses to be aware of some of the risks that come with trading in the bustling metropole and take precautions to them in advance.

Businesses starting up should consider:

  • Training their staff on best practice security protocols
  • Investing in technology such as CCTV and intelligent alarms and locking systems
  • Understanding the best business insurance that will reduce potential losses

Think about these risks compared to how your profits could be affected by other factors in the location you choose, and you’ll find the right part of London for your business.

Yanis Zisis at Paymentsense states:

 ‘For those small or medium businesses that are looking to start up a bricks and mortar store, trusting your location’s safety is pivotal. Not only when considering the costs of business insurance, but the well-being of your staff and the day-to-day efficiency required when getting a successful business off the ground.’  

 

 

 

.


Finance Business News - The national awards, which are held in association with ContractorUK and FreeAgent, are highly sought after across the entire accounting industry as they recognise the top contractor suppliers across the UK.


Gorilla Accounting Nominated For Prestigious National Award

Finance Business News - Salford Credit Union is recruiting for a treasurer to donate their time and skills in order to support the organisation s next phase of development - as it improves its offer to compete with high street lenders.


Salford Credit Union appeals for financial services expert to join their board

Finance Business News - Salford Credit Union has created its own face mask to protect Salfordians health while they are out shopping in the city and help them to avoid a fine.


Credit union launches face masks to help Salfordians stay safe and avoid a fine

Finance Business News - West Lancashire IFA Acumen Financial Partnership has added to its team and strengthened the company s commitment to training up talent.


New Appointment at West Lancashire IFA

Finance Business News - The government is to legalise the remote witnessing of wills making it easier for people to record their final wishes during the coronavirus pandemic.


 Video-witnessed wills to be made legal during coronavirus pandemic

Finance Business News - After months of closed car showrooms and mass uncertainty hanging over the automotive industry, the first full month saw 175,000 new registrations across the UK an 11 rise year-on-year in July. While the figures are a much-needed boost for the new car market it was electric vehicles that shone.


July Car Sales Offer Hope and Electric Vehicles Star of the Show