Credit ratings expert calls SMEs to show 'financial transparency' if they want to avoid lending decisions being based on accounts compiled during the recession
Confidential financial information may have to be disclosed by small and medium sized companies if they want to avoid lending decisions being based on accounts compiled during the recession.
An economic upturn is expected in 2010 but credit decisions for small to medium enterprises, the bedrock of the UK economy, may be based on statutory accounts two years old, a credit ratings expert and the UK’s largest trade credit insurer have warned.
Read more: http://www.accountancyage.com/accountancyage/news/2244769/smes-show-financial
Source: Accountancy Age - Written by David Jetuah
www.ukba.co.uk
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