Business owners and managers living in fear of going under can arm themselves with a new tool courtesy of Business Link Lancashire.

The commercial advice service is offering small business owners an online health check which could help to identify potential problems and iron them out before they get out of hand.

Lindsay Frize, E-marketing manager at Business Link Lancashire, said: "The new business health check tool shines a spotlight into areas you need to focus on, making you aware of any problems, help avoid financial pitfalls and find new ways to increase profitability."

It was launched after it was revealed 150,000 UK businesses close down each year over issues including poor financial management.

Log onto www.businesslinklancashire.co.uk/healthcheck.