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Economy and the effect on mid-sized businesses

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Economy and the effect on mid-sized businesses

Robin Jarvis
bio

Robin Jarvis is Head of SME Affairs at the ACCA and Professor of Accounting at Brunel University. 

As Head of SME Affairs he advises ACCA on SME policy issues.

Robin has experience of starting a business which was successfully sold after 12 years of trading. Additionally he has been a director of two SMEs and is currently a non-executive director of a on-line publishing company.

Information

The biggest problem facing UK mid-size firms is the decline in demand for goods and services. This has resulted in the postponement of investment and keeping recruitment on hold. From the perspective of providers of finance the perceived risk in these businesses has increased. It follows that the cost of capital will increase and access to finance will be constrained. In these difficult times it is important that businesses do not over stretch themselves and monitor their working capital.   

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