SMEs Worried About Cash Flow
20th December 2017.
SMEs in the UK are increasingly concerned about cash flow, with almost half of businesses admitting concerns it could get worse in the next 18 months.
A market study carried out by Barclaycard found that around one in five business leaders ‘always’ worry about cash flow, while 41 percent are more worried about cash flow than 18 months ago.
The research points to a widespread requirement for financial services, such as credit management and debt collection services, to free up cash flow and smooth out concerns.
Despite the potential benefits of using finance, fewer than one-third of UK companies say they have used external financial services for their business.
Instead, there appears a trend amongst SME owners to invest personal funds into companies to avoid borrowing money.
The research showed an aversion to borrowing money amongst businesses across the UK, with 91 percent of start-up owners admitting they had invested their own money.
According to the research, the main reason for not wanting to borrow money is that companies want to owe out as little as possible.
Here at The Credit Protection Association, we offer a range of credit management services to ease any financial strain. If your business is struggling with bad cash flow, we offer debt recovery where we will chase any outstanding payments that have been weighing down your business. There are many ways to free up your cash flow, without borrowing money or risking your savings!- get in touch with CPA to find out more!
The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!
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