Companies operating out of serviced offices in Cardiff may want to take note of one expert's debt management advice.
Dave Martin, business development manager at Business Finance Solutions, has given tips on what organisations should do if they are having financial troubles.
He explained that the key to preventing problems spiralling out of control is to recognise there is an issue and assess how much money is owed.
It was suggested that once the incoming and outgoing cash flow situation has been established, it is important to establish a plan that prioritises creditors.
Mr Martin said: "It is vital to communicate with all creditors, to ensure they are aware that the business is dealing with the problem, not ignoring it."
Elsewhere, the Manufacturing Institute's Ed Moss recently described how a change to the speed at which cheques are cleared by banks would significantly improve the way small businesses trade.
