SOS – help managing cashflows in distress?

SOS – help managing cashflows in distress?

The saying “Cash is King” is very true: profit doesn’t pay the bills. But that doesn’t help when there just isn’t enough cash to go round and you need help with managing cashflow and getting out of trouble. This is the final instalment in...
SOS – help managing cashflows in distress?

Making the most of cash

Generally people only think about cashflow when there is a shortage of cash in the bank to pay the bills. But what happens if you find your business with surplus cash in the bank? For some businesses at present that is a very real possibility, either because the...
SOS – help managing cashflows in distress?

Closing date for CBILS applications

Right now (mid September 2020) the media are shouting about the end of the furlough scheme, but the closing date for applications to the CBILS scheme at the end of this month seems to be slipping by with less interest. Most businesses that I come across have taken...
SOS – help managing cashflows in distress?

Cashflow First Aid

Previously I have talked about the importance of having a cashflow forecast, and how to get started creating one. Next in my series of posts about cashflow is my top tips for first aid for when that forecast is looking gloomy. 1. Good decisions need good data You...
Planning for cashflow security

Planning for cashflow security

It’s finally here: the 4th of July, the day the reawakening begins! There’s been all sorts of work to adapt operations to make them “Covid secure” – hand sanitiser, face masks, physical distancing, etc. But as well as the practical/ physical preparations, reopening is...
Planning for cashflow security

Why bother with a cashflow forecast?

With CBILS, Bounce Back Loans, VAT deferrals, grants etc there may be more cash in the bank now than ever before and your cashflow is sorted for the next couple months. But what happens after that? Lockdown has probably helped the bank balance with customers paying...