Most business failures can be attributed in whole or in part to a lack of working capital. Good cash flow management assists a business in:-
- Operating within bank facilities; avoiding stressful conversations with lenders
- Maintaining sufficient headroom to deal with slippage or the unexpected
- Improving balance sheet ratios – enables/supports additional capital raising
- Lowering costs to business as facilities not maximised – lower borrowing costs
- Avoiding covenant breaches and therefore punitive fees
SKSi advises businesses in all aspects of cash flow management, from small start-up businesses to mature SME’s. We can assist by:-
- Reviewing current cash flow management procedures
- Building a suitable and robust model for your businesses needs
- Advising on easy “wins” that will provide you with short and medium term gains
- Negotiating sustainable payments terms with key suppliers, stakeholders and landlords
- If necessary negotiating Time To Pay arrangements with HMRC on your behalf