Cashflow stopped flowing? - Haines Watts earth

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Your business challenges

Cashflow stopped flowing?

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.

Your business questions

How can I improve short term 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.

How do I 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.

We can help you to manage your cashflow and help you sleep more soundly at night.

Contact us or find your local Haines Watts office.

What our clients say:

Find out how Rob Quinn, MD of Purity, a brand engagement agency, has grown his business and the challenges he has faced.

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