Cashf low problems decline
15th January 1998, Page 10
15th January 1998
Page 10
Page 10, 15th January 1998
— Cashf low problems decline
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• Some 20% of transport companies responding to Lloyds Bank's latest Business in Britain survey have experienced cashflow problems in the last six months of the year, compared with 40% in the first half of 1997.
Out of 163 medium-sized transport firms, 29% reported increased orders with 7% reporting increased prices. However, only 1% reported increased profits, compared with the 17% of firms which plan to increase investment. r.] More staff were recruited by 29..4 of firms—but 42 transport firms went into administrative receivership last year, say accountants Deloitte & Touche.