Don’t strug­gle, seek debt help

Small busi­nesses urged to make call

Buckinghamshire Advertiser - - NEWS - By Jack Abell jack.abell@trin­i­tymir­ror.com

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

greater”

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