Almost three quarters of small and medium businesses in the UK are "on track" to finish Y2K rectification work before the end of the year, a report from Action 2000 has claimed.
The latest State of the Nation survey from the government funded agency states that 73 per cent of companies with between 10 and 249 staff are "on track to beat the millennium bug".
If accurate, the figures represent a dramatic increase in awareness and activity over the past nine months.
In January, Action 2000 chief executive Gwynneth Flower said only 51 per cent of the 850,000 UK businesses which fall into the SME category had a formal strategy in place for dealing with the.
The new study revealed that only 41 per cent of SMEs had contingency plans in place for the changeover period and that 37 per cent believed them to be unnecessary.
Action 2000 chairman Don Cruickshank described this lack of planning as "extremely disappointing".
"Sensible and prudent contingency plans should be the crux of any business' millennium preparations," Cruickshank said in a statement.
"Based on the improved readiness figures, those companies without plans are putting all their good work to waste. With less than 100 days to go, companies should use this valuable time wisely to put down on paper precisely what they will do if something unexpected disrupts business operations," he added.
Independent watchdog Taskforce 2000 said the government should be focusing its attentions on the country's largest 6,000 companies, rather than SMEs, which were likely to have less Y2K problems.
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