View Cashflow review and improved management information for Laundry company

Cashflow review and improved management information for Laundry company

Background & Challenges An established provider of linen hire and laundry services to some of London’s top restaurants, hotels and spas had been acquired by a turnaround partnership and appeared to be on target for a successful exit. Operating from a 40,000 square foot facility in Park Royal, the business generated a robust revenue stream…

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View Improve cashflow by categorising your supplier base into three areas

Improve cashflow by categorising your supplier base into three areas

Throughout this time of uncertainty, the EFM team would like to share some practical guidance and support with our readers to ensure your business stays strong and above the water throughout the pandemic. This week, EFMs Group Managing Director, Finance Director and Growth Partner, Gary Jesson, shares his tips around improving your cashflow management. Every…

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View How can I avoid small business failure?

How can I avoid small business failure?

Management of cashflows, especially receipts from customers, is a major headache for SMEs and one of the biggest causes of small business failure. You can help yourself to manage cashflow by adopting effective invoicing strategies and getting financial help to avoid a cash crisis. Here are four expert tips on how to keep cash coming…

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View Common Cash Pitfalls for Business Owners to Avoid

Common Cash Pitfalls for Business Owners to Avoid

Cashflow matters at all stages of business ownership. Whether you are trying to get a new business venture off the ground, or you’ve been in business for years, it is common to run into cash problems that can drain your company account. However, these problems can be avoided if you are practical with your financial…

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View Why Profitable Businesses Go Bust

Why Profitable Businesses Go Bust

At the risk of stating the obvious, cash is the lifeblood of any business.  A business that has access to sufficient cash can survive making a loss, but a profitable business that runs out of cash when it needs to pay its’ creditors will have to cease trading.  Too many managers remain focused on generating…

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View What to Look for When Hiring Outsourced Accounting Services

What to Look for When Hiring Outsourced Accounting Services

It’s no surprise to hear that good financial tracking will have an impact on the success of your company. Managing the way the money is flowing in and out of your business will affect cashflow and other important aspects of operations. Too often, entrepreneurs don’t have the necessary professional training, which is why they turn…

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View Financing and Non-financing solutions for SME cashflow problems

Financing and Non-financing solutions for SME cashflow problems

Whatever phase your business is in, it is all too common to run into cashflow challenges.  Seasonal fluctuations can be tough (think about customer patterns around the end of year and in the summer holidays) and can often herald slow sales and late payments for SMEs whether B2C or B2B. Additionally, many business owners have…

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View Developing a smart growth strategy

Developing a smart growth strategy

Managing a fast-growing business presents both opportunities and challenges. The chance to become an industry leader is attractive, but it comes with the risk that demand will outstrip capacity. To avoid that pitfall, you need a strategic plan that’s backed by adequate financing, empowered employees, and the right information and communications technology. So how does…

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View 7 ways to avoid the pitfalls of cashflow

7 ways to avoid the pitfalls of cashflow

All business entrepreneurs know that cashflow is king. But just how much influence does it have on a business? Well, according to a recent study conducted by Dun & Bradstreet, nine out of 10 small businesses have failed because of cashflow problems and poor cashflow management. Cashflow management isn’t rocket science and should be a…

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