Average UK SME does not have enough cash to cover debts due in 2021, says UHY

The average UK SME does not have enough cash to cover debts due in the next year, according to new research from accountancy firm UHY Hacker Young.

The firm’s analysis of the balance sheets of more than 13,500 SMEs in the UK showed that the average SME now has only 95% of the cash (or other easily realisable assets) to pay those debts due in the next 12 months.