90% of Cork firms ‘confident about future’

More than 90% of Cork-based businesses are confident regarding their futures, but nearly a third still have working capital concerns.

The data forms part of Cork Chamber’s latest quarterly economic trends survey; which shows that businesses in the county remain broadly confident on the back of positive increases in turnover, net profitability and employment levels during the first three months of this year.

However, the survey also shows that 31% of firms — across a mix of sectors and company size — still see the attainment of adequate levels of working capital to be a problem for their business; with many choosing to address the issue by delaying outgoing payments or using personal funds to remain on track.