Small businesses’ MOT failures cost them £350m » SMEInsider

Small businesses’ MOT failures cost them £350m

MOT failures on company vans and cars set back SMEs £350m last year, with extra unplanned maintenance works costing each company an average of £4,300.

Senior management confessed that the main reasons for repeated need for repairs were bad driving and poor maintenance rather than accidents or roads that are in poor condition.

Furthermore, many SMEs admitted that they weren’t maintenance-savvy enough and don’t know how to check for problems that can lead to high repair bills.

The report, carried out by vehicle leasing company Lex Autolease,  found that a quarter of UK SMEs have failed an MOT, whilst four out of ten SME owners have admitted to driving a company car with an acknowledged fault.

The survey of 500 UK SMEs with company-owned vehicles has revealed that in addition to the cost of failed MOTs, unplanned trips to the garage not only cost £4,300 on average, but also 1.4 days each last year.

Just over half of SMEs (51 per cent) have actually confessed that their most recent trip to the garage was due to their own poor maintenance and bad driving.

“Our findings prove that vehicle maintenance isn’t considered a priority by many. By taking simple steps to ensure vehicles are routinely checked and drivers are able to spot the signs of disrepair, businesses could save themselves unnecessary downtime and expense,” said Simon Barter, Head of SME Direct at Lex Autolease.