- Tuesday, 13 April 2010Debt management plans could have to be drawn up by thousands of staff or businesspeople involved with small to medium enterprises (SMEs).
Almost three quarters of SMEs surveyed by uSwitch reported no improvement in their trading conditions.
More than six in ten are still finding conditions very difficult, despite the official end to the recession.
Approximately one in ten says that their future is uncertain.
Jake Ridge, an industry expert for uSwitch, said that the effects of the recovery had yet to trickle down to most SMEs.
"The green shoots of recovery are yet to reach Britain's SMEs and as a result many are finding trading tougher now than before," he said.
"62 per cent are bracing themselves for a further downturn in the economy before it starts to pick up steam again."
Most workers in this country are employed either as sole traders or by SMEs. As a result the problems being experienced by small to medium businesses could have catastrophic effects for many.
Lots of people could be forced to revise their
debt management plans as they face up to redundancy or other financial problems.
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