There are countless business tools available for start-ups based in London office space, it has been claimed.

According to Bytestart, small businesses should not give up due to a lack of resources as there are plenty of business tools available to them.

Emyr Williams, commercial director of Bytestart.co.uk, advised business owners to look online for any tools they may need, rather than throwing in the towel at the first hurdle.

“What start-ups really do need is a deep understanding of the marketplace they will be working in, a viable business model, a clear idea of how they will gain customers, a willingness to work very hard and an ability to bounce back after the inevitable set-backs,” he advised.

Mr Williams’ comments come after research by NatWest and Smarta.com highlighted that a third of small business owners consider giving up due to a perceived lack of access to essential tools.

It was also found that a third of businesses with a turnover of less than £100,000 did not have a formal business plan.