Mid-sized businesses face worrying lack of liquidity

Pictured at the Mazars business breakfast event ‘Optimizing performance and enhancing shareholder value’ were Lorcan Colclough, head of entrepreneurial business services, Mazars; Emer O’Riordan, director of entrepreneurial business services, Mazars; and Brian Cormack, director of entrepreneurial business services, Mazars. The breakfast briefing introduced Mazars’ unique approach to focusing mid-market entrepreneurial businesses on enhancing capital value Conor McCabe Photography

A severe lack of liquidity across Europe means that 51 per cent of mid-sized businesses would have to turn to external sources of funding after just three days in the event of an unexpected drop-off in trading.

That’s according to the findings of a new study by international accounting and advisory firm Mazars, which analysed over 72,000 mid-sized businesses (those with a turnover of between €10 million and €200 million) in the EU ...