4R Blog

RSS Feed

Profits down at company debt advice customers

Date Added: 06/12/2010  

Profits could be down at firms such as those in need of company debt advice, according to the results of a new poll by the Forum of Private Business (FPB).

It found that 30 per cent of the members on its Economy Watch panel which responded to the study have seen their order books and turnovers rise.

But more than a quarter of the companies stated that they have noticed a fall in profitability since the last time the poll was conducted in October.

Just one per cent of the firms which took part in the poll claimed that their costs have fallen in recent weeks and months.

Forum spokesman Phil McCabe said: "More money is being sucked out of small firms and transferred overseas, or over to multi-national businesses in the utility and oil industries."

He added that firms taking company debt advice are likely to be struggling with their energy bills.

The FPB recently warned that changes to Small Business Rate Relief could yet prove to have a sting in the tail.

Posted by Julie Cutts 

Get the Help You Deserve

0800 90 20 123

Urgent Help Call 24/7

020 7183 2606

We'll Call You

Request a Callback