Amicus Commercial Finance

Cashflow Causing Problems For 38% Of Small Businesses

Cashflow Causing Problems For 38% Of Small Businesses

38% of UK small businesses have struggled with cashflow issues over the past two years, according to research by Amicus Commercial Finance. A survey of 500 business owners revealed that 65% of medium enterprise owners, those with between 50 and 250 staff, have experienced similar problems – with 65% of all those surveyed admitting it was the biggest challenge they face. Worryingly for businesses, their concern seems justified as 12% of respondents came close to or became insolvent due to cashflow issues – with 15% still suffering from liquidity problems. When dived by region, firms in the North East are the most affected, while when broken down by sector, 35% of accountancy firms admit they themselves have financial complications. When quizzed about the biggest challenges cause... »