There are a number of reasons why your business might experience cash flow problems and struggle to pay debts. These can include carrying too much stock; expanding too quickly; low profit margins or losses; allowing your customers too much credit; unplanned changes and seasonal fluctuations. We can help you to address cash flow issues by:
- Carrying out a thorough assessment of outgoings and revenue
- Developing a strategy for dealing with unforeseen circumstances
- Ensuring books and records are accurate and organised
- Introducing payment and invoicing systems
- Looking at ways of streamlining costs
- Negotiating with creditors
- Putting together a cash flow forecast
- Setting up a credit control system and automatic alerts for late payments
- Uncovering and addressing the cause of any losses
We can help
