Last post: Oct 7, 2021
VAT deferral and Government loan schemes were a lifeline for businesses struggling through the pandemic. Now, with normality resuming, it's important to get finances organised so that all-important cashflow isn't choked by the looming re-payments.
Here's our top three tips to manage your cashflow and keep your business on track:
- Plan, plan, plan! Your cash flow forecast should be your best friend.
- Use current business assets, property or invoices to release tied up funds
- Put a plan B in place for for when funds become tight, such as a flexible line of credit which you can dip in and out of, and only pay for what you use.
The great news is that this isn't something that you have to figure out all by yourself. Our friendly team is always on hand to discuss any business funding requirements, whether they are needed now or in 6 months time.
Let's get planning to make sure you have the right finance solutions in place to help give you and your business a smoother ride!
Please don't hesitate to reach out via email or over the phone to talk things through - we take the time to understand your business so that give your the best possible advice.
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