Don’t struggle, seek debt help
Small businesses urged to make call
SMALL businesses in Bucks are being warned to seek advice following figures which reveal thousands of firms in the county closed their doors last year.
According to the Office of National Statistics, there were 3,800 businesses de-registered in 2013 in the county.
At the same time, 5,300 businesses were created, but more than one in five of these did not survive past their second year.
Charity Business Debtline, is encouraging small businesses in the county to seek advice if they are struggling with debt issues in order to put a stop to the problem.
Chief executive of the charity Joanna Elson said: “Small businesses are the lifeblood of the economy in Buckinghamshire and across the UK as a whole.
“With more people becoming self-employed, the need for free, independent advice to help small business owners who fall into financial difficulty has never been greater.
“I would urge any small business owner in Bucks who is struggling to cope with debt to seek free advice from Business Debtline as soon as possible.”
The charity produced a guidelines for has also list of
small business owners who are struggling with debt.
These include staying in touch with creditors, sticking to a budget and thinking carefully before seeking out further credit in order to clear existing debts.
Ms Elson added: “Our expert advisers, many of whom have experience of running small businesses themselves, are on hand to give local small businesses the help and support they need to get back on their feet and continue trading.”
The figures show that in Chiltern, 515 businesses were de-registered in 2013, while 750 new ones were created.
In South Bucks, 485 new businesses were deregistered, while 605 were started up.
To get in touch with Business Debtline, call 0800 1976026.
The need for
free, independent advice to help ...has never been