Despite some signs of economic recovery, many firms will find the coming months to be financially challenging, it has been suggested.

The coming months will continue to present a number of challenges for businesses.

Such is the assertion of Matthew Fell, director of corporate affairs for the Confederation of British Industry (CBI), who states that despite some indicators of "tentative recovery" being recorded in 2009 many organisations will still face problems.

Mr Fell said: "Even with some signs of tentative recovery at the end of last year, it is not surprising that we continue to see a high number of financial difficulties with firms."

Firms considering their business account requirements may wish to make note of his points that "there is a high amount of 'churn' going on at the moment", noting that a significant number of businesses are running into financial difficulty.

Indeed, recent figures from Begbies Traynor showed that around 140,000 organisations experienced significant or critical financial problems during the last quarter of 2009, a rise of six per cent from the previous three-month period.

However, the CBI director claims that there are "quite good numbers" regarding those setting up their own organisation, something could interest people searching for competitive UK accounts.

Those keen on working for themselves may wish to ensure they have the best business bank accounts to ensure they make the best possible start to being an entrepreneur.