The pressures of the economic crisis have hit private company owners, with a survey revealing 41% of bosses have seen a rise in their stress levels as compared with a year ago.
Grant Thornton polled 500 privately held firms, including family, entrepreneurial and SMEs (PHBs) to find 34% of them selecting the recession as the main cause of workplace stress.
Twenty-six per cent said a heavy workload caused them most stress, while 26% picked the pressure on cash flow.
Privately owned business bosses in Northern Ireland were found to be the most stressed in the whole of the UK. The survey revealed 54% claimed their stress levels have increased in the past 12 months, while those in the East (48%) were second. Those in London and the South gave the third highest response, with 45% claiming a rise in stress levels in the past year.
PHB heads in the Midlands too said the crunch caused them the most stress at work, with 32.9% saying the recession made them tense, 28.6% citing pressure from a heavy workload and 27.1% pressure on cash flow.
Office managing partner at Birmingham's Grant Thornton Dave Munton said: "The pressure on cash flow has been driven by several factors, not least of which are the tightening of credit lines and customers renegotiating and often lengthening payment terms in order to keep cash within their own businesses."
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