Business insolvencies increasing due to cash shortage

Updated
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.

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