BA40054E - Researching Business Data: UK Lock-Down Impact Analysis

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This report examines the impact of the COVID-19 lock-down on businesses in the UK, covering the period before, during, and potentially after the major restrictions. It identifies the challenges faced by various sectors, including declining sales and revenue, and the need for technological adaptation. The research methodology employed secondary data and quantitative analysis, drawing insights from government websites. The report interprets data related to business trading status (permanently ceased, currently trading, temporarily closed), pre-COVID-19 economic impacts, and future confidence levels among businesses. It concludes with suggestions for UK-based companies to adapt to changing market conditions and meet customer needs ethically and sustainably, highlighting the importance of boosting business turnover as the economy recovers.
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Research Business Data
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Table of Contents
Topic: Business impact during the lock-down in the UK..........................................................3
Introduction................................................................................................................................3
Objectives...................................................................................................................................3
Define the problem.....................................................................................................................3
Research Methodology...............................................................................................................4
Data interpretation......................................................................................................................4
Suggestion and recommendations..............................................................................................7
Conclusion..................................................................................................................................7
References..................................................................................................................................9
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Topic: Business impact during the lock-down in the UK
Introduction
The major economic downturn from coronavirus make high restriction which has been
constructed among different type of business. The overall growth and declining impact on K
economy is basically affected through the major challenges in 2020. Nearly 19.8% in
different second quarter of 2020 which are related to following on 23rd march. There are
different services which are used and affected for the hospitality, telecommunication and
retail industry (Sharma and Arunachalam, 2021). Online shopping and hospital industry work
with high performance to make a growth in market. This poster provide an informative
business research data to make an impact on lock-down in UK in three major phases, past,
present and future.
Objectives
Aim: “The main aim of the study is to analyse different business impact during the lock-
down in UK market.”
Objective:
To understand the meaning and concept of business research method during the lock
down in UK.
To analyse the impact in three major phases, pre, post and mid Covid-19 lockdown
impact in 2020.
To evaluate the use of appropriate research methodologies and draw
recommendations for the success in business impact.
Define the problem
One of the major problem with different impact on the businesses that are considered as the
downfall in sales and revenue. It is basically helpful for to work and provide a systematic
changes and updating of technologies in the provisional growth of the company in UK based.
Meanwhile, the business majorly change their policies and make sure to work as per the need
and change in trading in transportation in the industry to achieve currently trading growth.
Furthermore, it is analysed that most of the company and trading but reduced the level of
their production into the market and decrease their overall turnover to achieve normal
expectation to the different industry in major sector and growth (Filimonau and et.al., 2021).
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It is basically helpful for managing significant sectors and provide normal expectation to
importing in different type of industries.
Research Methodology
To complete the poster on impact of covid-19 lockdown in UK based businesses are used to
collect effective information and make a strategic impact. To complete this study, the
researcher opted secondary data method, as it will help the researcher to collect data through
authorised sources such as government websites of UK that published data on the impact of
lockdown in UK business. Furthermore, in the use of secondary source of data, researcher
will opt the quantitative research methods to collect the data and interpret that to analyse the
impact of covid-19 lockdown in UK businesses.
Data interpretation
Table 1: current impact
Wave 42
Wave 43
Change
-20 0 20 40 60 80 100
Permanently ceased trading Temporarily closed or paused trading
Currently trading
Interpretation: From the above graph it is interpret that the most of UK business are still
trying for developed their business by adopting appropriate strategies. Furthermore, there are
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some business that currently trading which is declining in 2.3% from first and second waves.
There are some industries which are temporarily closed or paused their trading due to
lockdown. From first to second wave, their numbers are increased by 1.3% which become the
reason for worry to economy. In last the third one who are permanently closed their trading
and their change in percentage also increased with 0.8% in recent scenario (UK business;
activity, size and location: 2019, 2021).
Table 2: Pre covid-19 impact
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North East
North West
Yorkshire and The Humber
East Midlands
West Midlands
East
London
South East
South West
Wales
Scotland
Northern Ireland
TOTAL
0
400
800
1200
1600
Count given to the nearest thousand 2017 Count given to the nearest thousand %
Count given to the nearest thousand 2018 Count given to the nearest thousand %
Count given to the nearest thousand 2019 Count given to the nearest thousand %
Interpretation: This graph is related to pre-covid-19 lockdown economy of UK that are
divided into UK small sectors. From 2017 to 2019 there are different impact that are helpful
for increased their number of investments in 2017 is 2669 and it is 2718 in 2019. That shown
the significant growth in the UK economy before covid-19. But these impact fall down after
the impact of covid-19 and lockdown occur. This chart show that the UK business have that
potential to grow but they are not able to provide significant growth without taking strategies
related to change in environment as per the need (Business insights and impact on the UK
economy: 17 December 2020, 2021).
Table 3: Impact in future
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25-Oct
08-Nov
22-Nov
06-Dec
20-Dec
03-Jan
17-Jan
31-Jan
14-Feb
28-Feb
14-Mar
28-Mar
11-Apr
25-Apr
09-May
23-May
06-Jun
20-Jun
18-Jul
15-Aug
12-Sep
10-Oct
07-Nov
0
10
20
30
40
50
60
High confidence 40.5 Moderate confidence 35.6
Low or no confidence 14.5 Not sure 9.5
Interpretation: This graph show that the most of the industries are having different impact
on the society and not able to provide relatable growth. It would be beneficial related to high
confidence, moderate, who have low or the one who are not sure about the future impact on
the company. Here, only 6% trading business reported slowly or no confidence that they can
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survive in future. In contrast, 54% businesses are not closed or stopped their trading as they
have confidence that they can survive in future activities after the cpobid-19. This show that
most of the companies are providing different major and adopt verities of performance and
motivation to work effectively into the market (Business insights and impact on the UK
economy: 18 November 2021, 2021).
Suggestion and recommendations
This research poster show that there are wide range of impact that most of the UK business in
different trading style are analysed. To complete the study and achieve higher efficiency into
the market, it is important to work and analyse the style of working in appropriate manner. It
is recommended that most of the companies are faced negative impact over the society and
provide a relatable growth in the near future. So, the UK based companies should try to adopt
the change and apply in the relevant market strategies (Buil-Gil and et.al., 2021).
Furthermore, they should complete the need of their customer in sustainable and ethical
manner.
Conclusion
From the above poster, it has been analysed that many of the business are getting
effective and helpful for make an impact on 2020 lockdown. In UK, different market
industries affect for analysing systematic growth in past of lockdown, present impact and
future challenges or opportunities which can be seen in different stages. This poster further
include major sector analysis or kind of uncertainties which are applicable into the market
and gain higher proficiency at the major stages. It can be determined that to increase the
turnover of the companies, it is important to boost in the near future when the people are start
recovering from their own phases.
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References
Books & Journals
Buil-Gil, D., Miró-Llinares, F., Moneva, A., Kemp, S. and Díaz-Castaño, N., 2021.
Cybercrime and shifts in opportunities during COVID-19: a preliminary analysis in
the UK. European Societies, 23(sup1), pp.S47-S59.
Filimonau, V., Archer, D., Bellamy, L., Smith, N. and Wintrip, R., 2021. The carbon
footprint of a UK University during the COVID-19 lockdown. Science of the Total
Environment, 756, p.143964.
Sharma, N.K., Verma, P., Kumar, V. and Arunachalam, R., 2021, February. ICT in
mitigating challenges of life amid COVID-19 and emerging business opportunities.
In 2021 International Conference on Innovative Trends in Information Technology
(ICITIIT) (pp. 1-6). IEEE.
Online
UK business; activity, size and location: 2019, 2021. [Online]. Available through:
https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/
bulletins/ukbusinessactivitysizeandlocation/2019.
Business insights and impact on the UK economy: 17 December 2020, 2021. [Online].
Available through:
https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/
bulletins/businessinsightsandimpactontheukeconomy/17december2020.
Business insights and impact on the UK economy: 18 November 2021, 2021. [Online].
Available through :<
https://ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/
businessinsightsandimpactontheukeconomy/18november2021>.
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