Cash Falling With The Snow?

Mark Davis, EFM Altrincham Part Time Finance Director

Cash Falling With The Snow?

Maintaining a steady cash flow is key to the survival of any business, especially a small or medium sized company. Even for a thriving business, not managing your cash flow properly can cause problems and result in a lack of cash to fund day to day running costs or growth.

The old adage “Cash is King” reflects the importance of cash flow to all business’ and that remains in the current freezing conditions. Serious interruption to cash flow will threaten the survival of many business’ particularly those in the retail, hospitality and transport sectors. All business’ carry fixed costs and many of those cannot be defrayed.

There is no doubt that developments in mobile communications over the last 20 years have made business’ more adaptable in these conditions. At EFM Financial Management we can easily keep in touch with clients and colleagues and address specific issues and ongoing workloads on an almost business as usual basis.

So how can business’ address the cashflow issues:

1.Invoice as normal, even if this means remotely e mailing invoices, this can be followed up by putting a hard copy in the post when conditions improve. Delaying invoicing may cause a problem in the months to come.
2. Get customers to transfer outstanding funds electronically, thus avoiding the cheque in the post syndrome
3. If operating a skeleton staff ensure that someone has responsibility for banking cheques as normal
4. Revise your cash flow forecasts to reflect the current situation, the standing orders and direct debits will be charged whatever the weather.
5. If having cash flow problems speak to the bank, HMRC and significant creditors explain the situation, you won’t be the only one, “don’t bury your head in the sand”.

The nation’s small businesses are under threat, with an estimated 370000 business owners seeking to close down within the next five years, make sure that it is not going to be you!

Request a FREE consultation now if you would like to discuss any financial issues concerning your business 

Mark Davis

07877 922 791
  • FInance Director
  • Financial management
  • Accounting
  • Financial Controller
Mark Davis EFM Altrincham Part Time Finance Director

Profitability-driven finance leader with expertise in all facets of accounting, financial management, financial analysis, and controllership within corporations with extensive regulatory compliance…


Retail & Services

Guest Wi-Fi People love free wi-fi. So give it to them.

Gain customers and help clients work more productively with Guest Wi-FiToday, everyone…

I noticed your blog on the Liverpool / Manchester...

Manchester and Liverpool Commercial Property Club Yes They have been useful and I…

More Articles

Business Management

5 Lean behaviours we should all practice

I believe that to sustainably change processes for the better, we must concentrate on our…
Health & Medical

Top Digital Marketing Tips For Opticians

Following are some excerpts from:How satisfied are customers with UK Opticians?A YouGov…
Marketing & PR

Best Digital Marketing & SEO Tips For Dental Practices...

2018 will be an exciting year for dentistry. Overall, technology has been the driving…

Would you like to promote an article ?

Post articles and opinions on Liverpool Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in Liverpool

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details