The lost billions: the massive cost of small business debt
Partner Andrew Brown has recently been featured in The Huffington Post talking about the cost of small business debt.
‘According to a recent survey by the Federation of Small Businesses, commercial disputes are costing small businesses in England and Wales a staggering £11.6 billion a year. The themes the survey identified are sadly all too familiar. Disputes are inevitable – the survey found that 70% of small businesses were involved in at least one dispute between 2010 and 2015 – most of which were down to chasing unpaid debts. The FSB have cited the lack of resource – both human and financial – as the primary reason why so many debts are not collected, leading to cash-flow difficulties or insolvency.’
To read the full article, click here.