How is the credit crunch affecting you?

[Dominique]

I was speaking to a friend earlier and was discussing the effects of the credit crunch. At the moment (Touch Wood) the credit crunch isnt really affecting
me. But I wanted to know if it was affecting you, and if so how?

[DFL]

We are thriving as an accountancy firm, the credit crunch is bringing loads of opportunities to offer more than the competition in terms of added value work throughout the year, rather than just accounts production.

Clients using KashFlow helps in this respect.

Many of our clients are doing better than ever profit wise, the main cause of concern being poor cashflow due to lack of lending combined with rising debtors, as firms hand on to their money by not paying each other. Big knock on effect.

Obviously there are casualties, building trade for one.