22 Mar

Start ups to be asked how Credit Crunch effects them

ACCOUNTANCY firm Mazuma is to conduct a survey of attitudes among South Wales start-up companies.

The research will be carried out among its 500-plus client database and with up to 200 companies and individuals expected to attend its Start-Ups seminar, which takes place outside Cardiff next week.

After the collapse of major Wall Street bank Bear Stearns, Mazuma wants to gauge small-business reaction to the economic climate.

Sophie Hughes, one of Mazuma's directors, said, "Nobody knows how deep this economic crisis is, and who will feel it the most.

"Until that happens, we won't see confidence back in the markets, and therefore the credit crunch will most likely continue.

"We know how that is working out for the likes of Bear Stearns, but we want to find out if it's trickled down to the smaller companies yet, and whether SMEs believe there are measures that the Government or banks can take to insulate them from any economic blows that might be on the way."

The Start-Ups Seminar takes place on Friday at The Quality Hotel, Coryton, Cardiff. It runs from 11am to 2pm. It is free to attend, and delegates will hear from experts including Mazuma, finance brokers Kingswood Associates, patent attorneys Astrum and business lawyers SRBlegal.

The event is aimed at people who have recently set up their own business, and those who are thinking of becoming self-employed. For more details call 08453 105 654 or email info@mazumamoney.co.uk

 

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