It has been reported that travel companies have a record low cash reserve. Due to a 49% increase between the third quarters in 2010 to 2011 in companies facing critical distress, it is inevitable that there will be further insolvencies in the near future. This rise of the levels of critical distress also stretches to other sectors, including the construction sector which has seen an increase of 41%, 63% in the property sector and 92% in the support services sector.
The British Retail Consortium have released data showing a decline in online spending in the third quarter of last year compared with 2010. Growth in online spending has slowed by 10%, a direct result of bargain hunting.
If your business is struggling financially and needs a cash injection contact Beer & Young. They have an unrivalled network of active private investors looking for the opportunity to help.
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