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One in Ten Small Businesses Fear Closure This Year

Almost a tenth of small-business owners are concerned about going under this year if trading conditions don’t improve, research by Aviva has found. The survey of 500 company owners by the insurer found that 9% admitted they could go out of business if trading conditions did not pick up. Just 13% of respondents had high hopes of the economy improving, whilst 28% felt there was a genuine risk of a double-dip recession. “It’s evident that the tough trading conditions we saw last year have continued into 2011.” said David Bruce, commercial product manager at Aviva. “Confidence among small and medium-sized enterprises is as low as it has been since the onset of the recession and many feel they are in real danger of losing their businesses should the economy fail to... »