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Businesses 'concerned about cash-flow'
27/02/2007
Cash-flow is the overriding threat facing small and medium-sized businesses, according to Barclays Bank.
Despite the recent "rising menace" of both terrorism and global warming, it is loss of income and non-paying customers which pose the biggest danger to the UK's smaller firms, the bank states.
These findings follow a survey from the bank which shows that more than one-third of small businesses consider the aforementioned financial issues as their main worries.
Mark Till, marketing director for Barclays Business Insurance, remarked: "Life is full of twists and turns and running a business is no different.
"There are always going to be things that happen that you can't fully prepare for but many of the issues that cause the most worry can be covered by insurance, often at relatively low cost."
He added that basic insurance is an essential rather than optional extra for businesses due to the threat companies face from burglary, weather damage and legal expenses.
Furthermore, Barclays Bank offers small business insurance which covers a range of incidents such as these, Mr Till concluded.
Despite the recent "rising menace" of both terrorism and global warming, it is loss of income and non-paying customers which pose the biggest danger to the UK's smaller firms, the bank states.
These findings follow a survey from the bank which shows that more than one-third of small businesses consider the aforementioned financial issues as their main worries.
Mark Till, marketing director for Barclays Business Insurance, remarked: "Life is full of twists and turns and running a business is no different.
"There are always going to be things that happen that you can't fully prepare for but many of the issues that cause the most worry can be covered by insurance, often at relatively low cost."
He added that basic insurance is an essential rather than optional extra for businesses due to the threat companies face from burglary, weather damage and legal expenses.
Furthermore, Barclays Bank offers small business insurance which covers a range of incidents such as these, Mr Till concluded.