Business insolvencies increasing due to cash shortage

Guy Clapperton
Picture of money
Picture of money

The headline looks as though it's stating the obvious but it's serious - in the fourth quarter of last year there were 4620 businesses going belly-up, 7.2% more than the same quarter the year before - and the latest report from Bobby Financial Services, called the Business Factors Index, suggests that a lack of external funding is a major part of the problem.