Purbeck Insurance Services Urges Overworked SME community to acknowledge mental wellbeing this Mental Health Awareness Week 12-15th听May 2025
The mental health struggles of the UK鈥檚 small business community must take centre stage this Mental Health Awareness Week, says听, the provider of personal guarantee insurance to small business owners. A Purbeck survey听of SME owners/managers highlights how financial pressures, long working hours, and the inability to 鈥榮witch-off鈥� at home or on holiday, are taking a toll on business owners鈥� mental wellbeing.
With this year鈥檚 theme for Mental Health Awareness Week centred on community, Purbeck is encouraging SME owners to reach out for support from mentors, friends and family.
As SMEs across the UK face up to additional fiscal challenges put in place in the new financial year, 39% of SME business owners think the financial aspect of running their business has impacted their mental health, according to Purbeck.听 Younger entrepreneurs are struggling most as this figure rises to 51% in 25-34 year olds.
It’s also more common amongst female leaders to find the financial challenges difficult, 49% said they felt it had impacted their mental health compared to 35 % of men.
82% of young business owners are waving goodbye to holidays
Running your own business has its upsides but Purbeck鈥檚 survey highlights a key stress factor is working hours. In fact, 57% of business decision makers surveyed are working 41-70 hours per week, that鈥檚 well in excess of the UK average working week for full-time employees, which stands at 36.5 hours. While most work 41-50 hours a week (43%) it is the 45-54 year olds who put the longest hours in of all age groups with half regularly working up to 50 hours a week.
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Escaping on holiday is not an option for the majority of SME owner/managers either. Over three-quarters (76%) admit to working when they are on holiday, this rises to 82% amongst 25-35 year-olds. Only 22% of business owners take a break from work while they are on holiday.
Running away from pressures
Despite the limited time available to take time out from the pressures of operating an SME, when opportunity arises, watching TV is the number way to switch off. On a positive note, regular exercise, which is associated with lower rates of depression and anxiety, such as running or walking, is the next most popular way to unwind. Socialising, then cooking are also popular ways to relax. Just 4% said they don’t switch off at all.
Purbeck鈥檚 survey underlines the fact that running your own business can be overwhelming. SME owners/managers shouldering personal guarantee commitments for business loans can however ease their financial fears concerns through Personal Guarantee Insurance.
This innovative insurance offers more than just financial protection, it includes expert advice, mentoring support for businesses in financial distress, and specialist mediation when debts need to be settled.
Comments Todd Davison, MD of Purbeck Insurance Services, 鈥淯nlike many larger organisations that have comprehensive mental health workplace policies, too many small businesses fall through the cracks when it comes to looking after mental wellbeing. Anxiety and depression are the most common problems reported by people with long term health conditions, so unless business owners take time out to prioritise self-care,听they could risk both their health and their company鈥檚 success.
“Seeking professional financial and legal support can help alleviate the pressures of day-to-day operations. Meanwhile charities like 听and organisations including the听听are great places to turn to, offering valuable resources for those in need.鈥�
