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Trusty accountants

1 Dec 08

Small firms in the UK trust their accountants more than their bank managers for financial advice, though most seek such advice fewer than four times per year

The Forum of Private Business and credit agency Graydon UK, questioned 400 small businesses on their experiences of seeking financial advice. About 70 per cent said they went to their accountants for it, 47 per cent to bank managers.

Only 20 per cent of small firms seek financial advice quarterly or more frequently but 29 per cent said that they are doing so more now than a year ago.

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