Research finds 94% of small businesses face a ‘cashflow crunch’ where revenue doesn’t cover outgoings
(Picture: PA)New research has laid bare the extent to which UK small businesses are suffering from cashflow problems, leading to a call for government action from a leading accountancy software provider.
Xero Small Business Insights and Accenture undertook a study which found the average UK small business faces a “cashflow crunch” -- when monthly revenues are not enough to cover outgoings -- for more than four months of each year.
