Cashflow ‘biggest threat to survival’

Despite a number of government initiatives and bank promises, cashflow remains the biggest threat to business survival in Ireland.

The Close Brothers Business Barometer, which surveys SMEs, found that more than 40% of businesses believe that cashflow poses the greatest threat.

Staff and late payments were the other main business woes highlighted by the survey, with 11% of firms saying that late payments were their biggest worry, whilst almost one in 10 cited a lack of skilled staff as their most significant concern.