Cashflow Stopped Flowing?

Need cash in your business now?

Short of cash to pay your bills? You’re not alone – even the healthiest business can have a full order book but struggle with cashflow but there are some simple ways to improve cashflow.

1. Chase your debts

It’s not rocket science. Pick up the phone, speak to customers and ask them why they haven’t paid and when they’re going to pay.

2. Don’t rely on your bank

When your bank won’t extend overdraft facilities, talk to us about alternative ways of raising cash.

3. Consider factoring or invoice discounting

These can give you 90% of the invoice value immediately – ask us about how to make best use of factoring.

Want to improve long term cashflow?

1. Debtor management – learn how to manage debtors nearly due, due or overdue – our team can help.
2. Issue invoices promptly – it gets your invoices in a customer’s system more quickly.
3. Cashflow forecasting – predict the peaks and troughs in your cashflow. Helps you to plan borrowing or know when surplus cash is available.
4. Consider asset re-finance or sale & leaseback – We’ll help you use your equipment assets to release cash.

Talk to Haines Watts

Want to know more? We’ll sit down with you, talk through the options available and suggest the best ones for you.

Longer term, we will help you get to grips with your debtors and cashflow forecasting.
If necessary, we’ll help you get the funding you need to manage the peaks and troughs.

Overall, we can make it easier for you to manage your cashflow and help you sleep more soundly at night.