MEDRON - stats & facts

• 3 out of 4 company directors put their company at risk by not taking adequate measures concerning risk avoidance (Chartered Institute of Management)

• 50% of businesses have a business continuity plan but only 57% of them have ever been tested (CIM)

• 60% of companies have concerns about coping with a disaster (CBI)

• 90% of catastrophes are “quiet catastrophes” – failures of heating, lighting or cooling (The Business Continuity Institute)

• “Incompetent plumbers pose more of a threat than terrorists to many businesses” (IBM UK Business Continuity and Recovery Services)

• 50% of companies never recover after a major event

• 90% of companies fail within a year of a major event

• All companies registered on the Stock Exchange are required to do risk assessment but fewer than 4% have a Business Resilience Plan and fewer than 15% have a Disaster Recovery Plan

• An effective Business Resilience Plan can reduce loss by 90%

• 15% of firms are concerned about their IT back-up (CBI)

• IT is responsible for 50% of business failure

• The majority of PFI/PPP contracts run for 30 years

• The Office of Government Commerce advises that it is important that the adequacy of a local authority’s contract management and performance activities are independently checked and audited from time to time (www.ogc.gov.uk)

• Only 50% of all PFI contracts have a mechanism in place to ensure that value for money is maintained during the life of a contract

• Failure to comply with government regulation e.g. Health and Safety legislation, can lead to a criminal conviction