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…
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…
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…
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…
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…
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…
The 5 Factor Rule Rule 1– Flexibility: Budgets are the world’s oldest management tool and the reason they are still around today is they work- if used properly. If conditions change significantly within and outside the business, it should be possible to change your model by modifying and updating assumptions to reflect the reality of…
Sector Advertising agency – This client is an up market UK-based creative agency that provides key support to some of the most ambitious businesses in the country. Concern The business was suffering a cash flow crisis due to late payment by its largest client, inefficient accounting processes to match the nature of the business and…
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