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A report by Venture Finance has found that almost two-thirds of accountancy professionals believe more small and medium size firms could go bust in the near future.
250 accountants were surveyed in the 2010 Credit Check survey.
They predicted around 10 percent of their clients will go out of business.
35 percent of respondents said small businesses are still suffering from the effects of the recession despite a return to growth for the UK economy at the end of last year.
A third of those who took part described overall business strength as weak or very weak.
Peter Ewen, managing director at Venture Finance says the results indicate that firms are still struggling to access the finance they need to grow.
If you need advice on making your business work during tough economic times, call the team at Excellium Umbrella today.
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Business success in 2010 down to flexible working
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Video Transcript
There could be more tough times ahead for entrepreneurs. A report by Venture Finance has found that almost two-thirds of accountancy professionals believe more small and medium size firms could go bust in the near future.
250 accountants were surveyed in the 2010 Credit Check survey.
They predicted around 10 percent of their clients will go out of business.
35 percent of respondents said small businesses are still suffering from the effects of the recession despite a return to growth for the UK economy at the end of last year.
A third of those who took part described overall business strength as weak or very weak.
Peter Ewen, managing director at Venture Finance says the results indicate that firms are still struggling to access the finance they need to grow.
If you need advice on making your business work during tough economic times, call the team at Excellium Umbrella today.













