In a recent survey by Bibby Financial Services, the UK largest independent invoice finance provider, it has been revealed that almost a quater of all businesses surveyed (24%) reported that trading conditions are worse than a year ago.
27% Feel that they are only just surviving or are forced into cutting costs or rationalise trading operations.
With 35% of businesses commenting that they do not expect the economy to recover for at least another 3 years.
Grim picture for business confidence.
- Almost one in four (23%) businesses have not seen any signs of recovery
- Nearly a quarter (24%) of firms believe a loosening of lending criteria would most help to stimulate economic recovery.
- More than three quarters (79%) of businesses have not applied for any external funding in the past 12 months.
Take advantage of alternative sources of business finance.
Despite the perceived doom and gloom the, Factor Index, Q2 research shows 39% of businesses across the UK are hopeful for the future. With regional breakdown showing levels of optimism rising as high as 70% in East Anglia and around the 50% point for many areas.
If you are looking to grow your business and are needing finance to help achieve your goals please visit our business loans page and request a free and risk free quote.
