 |
||
 
|
||
You are in: Home > News > Latest News
Cash Flow is Now Prime Concern for North West Businesses
20/01/09  More than 3000 businesses were polled in the North West Business Survey, with many responses coming from representatives of the city's leading professional sector firms. In a section of the survey where participants were asked to select issues which had become a growing cause for concern during the previous quarter, cash flow was highlighted by 61 per cent of respondents. The second highest response obtained was for interest rates at 46 per cent, but this is likely to reflect the fact that many completed questionnaires were submitted prior to the 15 basis point cut. In terms of business size, cash flow was most important for firms with between 100 and 199 members of staff, where it was selected by three quarters of respondents. By sector, bankers and solicitors were the most concerned. Contrary to what might be expected, financial services firms were apparently the least concerned. Commenting on the results, Chris Baguley, managing director of Bridging Finance Limited said: "The working capital of many businesses is being squeezed by falling transactions, late payments and the burden of new overheads such as the expenditure required to provide EPCs for commercial properties or the empty rates tax. For those with spare equity available a short term loan can often be employed to raise temporary capital, allowing the business to preserve cash flow and deal with unexpected outgoings. "We were aware that cash flow was an increasingly important issue for businesses because of the growing number of enquiries we have received from firms looking to bolster their working capital with a short term loan. The results of our survey provide some hard evidence on the true extent of the issue." print page
|
||
Copyright © Bridging Finance Limited
|
||
