Theft epidemic hits one in seven UK firms

Dec 09 2003 by Brian Amble Print This Article

One in seven firms in the UK have suffered from staff theft, according to a report by insurance company Eagle Star.

Light-fingered staff are estimated to have cost small businesses more than £112 million in the past three years, helping themselves to everything from petty cash to office equipment.

The amount averages £1,000 a year per firm, affecting the bottom line but also making bosses distrust their employees.

Worst hit are plumbers - one in six have seen equipment or money disappear - followed by convenience stores and newsagents.