A significant proportion of the UK's small firms may be relying on the personal finances of their owners in order to continue trading.

That was the finding of a survey conducted by the think-tank, the Centre for Economic and Business Research (CEBR).

Polling some 750 enterprises employing 20 workers or fewer, the CEBR reported that, on average, business owners have been directing £20,000 from personal assets into their firms.

Of those who responded, 27 per cent admitted to requesting loans from family and friends in order to keep the businesses solvent....


Via Brendan Watson