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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

Nearly all businesses will encounter a cash flow problem at one stage in their life cycle. Fortunately for those businesses, most cash flow problems can be prevented with preparation, and the right strategy.

How can I improve short term cashflow problems?

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 problems?

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.

Cashflow & forecasting

If you are having problems with cashflow we can help prepare cashflow forecasts which can help you to plan for growth and stabilise your business to help make your future plans a reality. 

 

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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