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Turning the corner?

Survey from Begbies Traynor would indicate so

Across all sectors, ‘critical’ financial problems dropped from 5,000 cases in Q1 2012 to 3,283 in Q1 2013, indicating a possible positive turn in the UK economy, although the figures still show struggles within consumer-facing sectors.

Exactly 5000 last year? And I would also question exactly what the criteria for “critical” is. but it looks like positive news

And then

A lack of funding to the UK SME market is still a concern, with the report finding that the number of companies that secured new funding was 15,804 in Q1 2013, a 14.5% decrease (18,493) from Q1 2012 and an 11% decrease (17,823) from Q4 2012.

As a finance broker, this does not surprise me. I have certainly sensed a tightening of lending over past few months.

Either way one indicator is out of step with the other and we shall have to wait and see whether the banks catch up


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