28% of SMEs plan to raise finance to improve cash
Purbeck Insurance Services

28% of SMEs plan to raise finance to improve cash flow

Over a quarter of UK SMEs (28%) are planning to raise finance to improve cash flow, according to research by Purbeck Insurance Services.

The insurance provider found that 27% of respondents planned to obtain additional finance to acquire new equipment.

Other reasons included supporting a business acquisition (10%), moving premises (9%), research and development (9%) and increasing headcount (7%).

“Cash flow is the life blood of any small business,” said Todd Davison, director at Purbeck.

“But for a whole variety of reasons — not least the current economic uncertainty — an SME business owner may find themselves looking at unpaid customer invoices, bills from suppliers and wage rolls, and wonder where the money is going to come from.

“While many businesses are using finance to keep their business operating, it is heartening to see around the same number are using it to acquire new equipment, suggesting many businesses are flourishing and are possibly looking to expand.”

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment

Blonde teen Lidsey posing for you