Cable backs monthly management accounts
Business secretary lends his backing to campaign designed to persuade small businesses to produce monthly management accounts
A CAMPAIGN to persuade more small businesses to undertake monthly management accounts has received the backing of business secretary Vince Cable.
The Doing Business Together (DBT) campaign, which includes the CBI and the British Bankers Association, received the boost as Cable was preparing to launch a series of forums today to generate support.
The campaign has at its centre Chris Poll, the entrprenuer behind Future Route/CreditPal, the company with software designed to aid the production of monthly accounts.
He founded the campaign “in an attempt to close the gap between SMEs and the finance and credit industry by facilitating an increase in awareness that will hopefully result in improved trust and understanding,” according to the DBT website.
In short DBT aims to make it easier to access credit through the creation of more up to the minute accounts.
The Financial Times reports today that Vince Cable had remarked that the campaign “sounds eminently sensible”. He is reported saying DBT would bring “together lots of different groups with an interest in small business financing, a sector where there are serious problems”.