Unless SMEs find
a way to defuse the cash crisis, the fragile economic recovery could
explode, warns Philip Smith.
APG Fri 13/7/2012 - 14:30
APG Fri 13/7/2012 - 14:30 Much hope is being pinned on small
and medium-sized businesses to drag the UK out of recession, but the
odds of growth in this sector do not look good.
APG Fri 13/7/2012 - 14:30 A lack of confidence, together with
low levels of trust, are putting the brakes on economic recovery,
as companies struggle to find finance amid fears of an imminent cash
crisis. At the same time, the number of creditor and debtor days is
increasing, meaning that as companies have to wait longer for their
invoices to be paid, they in turn are taking longer to settle their
own accounts.
