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Debt advice charity issues business warning

Wednesday December 23 2015

Start Up A Business Start Up A Business

A QUARTER of new businesses in Barnsley do not survive to see their second year, according to a debt advice charity.

New figures show 870 new businesses were set up in Barnsley last year but the charity Business Debtline says 26 per cent of them do not survive to see their second birthday, with six per cent winding up in their first year.

Joanna Elson, chief executive of the Money Advice Trust, said: “Not every business can succeed, but some are going under due to missteps that could be avoided with the right support early on.”

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Reply Posted by Ray on Monday December 28 2015 at 10:35
Does any one have the name and address for the Bussines debt line please.

Reply Posted by Terence Slack on Friday January 1 2016 at 00:05
Its no surprise that shops and other retail shops are struggling to survive. Because we are buying our weekly stuff from superstores and very little from the local shops and retailers. The internet aswell has done some damage to shopping locally.My Dad was born in Barnsley and he loved the old outdoor market.

Reply Posted by Tom on Monday January 4 2016 at 09:22
I bought a bicycle from a local shop and the owner was fined for littering as he dropped a tab end, a few days after a customer of his was fined for littering as he dropped a tab end, he then decided not to buy the item as he could no longer afford it. Another shop owner nearby was fined a few weeks after, again for a tab end.

Perhaps the council can make more money from FPNs for littering than they can from business rates. But do they factor in the cost of dole once the businesses go bust.

Reply Posted by John on Tuesday January 5 2016 at 12:10
Or perhaps people could just not drop their tab ends.