Cash is King

The latest Bank of England report on ‘Trends in Lending’ highlights that net lending to SMEs remained negative in 2013, meaning that SMEs repaid more debt than they borrowed.

This suggests that access to finance remains tight and reinforces the message for SMEs to manage cashflows efficiently to protect against unnecessary shortages. The best way to achieve this is to maintain accurate cashflow projections, which will highlight any potential cash ‘squeezes’ before they occur, allowing for planning to take place to ensure appropriate funding is in place.

Click here to read our detailed factsheet.

Contacts

Restructuring and Insolvency UK team

Related links

Restructuring and Insolvency