Pass on the family firm? Not likely as almost a third of small firm owners are thinking of selling - Those are the ones that are using factoring companies that are being bleed them dry

Britain could be facing a wave of small company sell-offs over the next five years because of a backlog of business owners who postponed selling their firms in the downturn.

A number companies that use factoring have been forcably closed by their asset based lender!

Almost a third of small firm owners are thinking of selling within the next five years, according to research by accountancy firm Moore Stephens.

Debbie Clarke, head of mergers and acquisitions, said of the findings: ‘This would suggest a huge transition in ownership of owner-managed businesses.’

Read more: http://www.thisismoney.co.uk/money/smallbusiness/article-3149556/Pass-family-firm-Not-likely-small-firm-owners-thinking-selling.html#ixzz3fBNjdRJR