Avoid second lockdown cashflow crisis

Avoid second lockdown cashflow crisis

Does a second lockdown mean cashflow crisis for your business? What can you do to avoid it? We know that a lot more businesses are allowed to stay open this time than were able to in March, but staying open is not necessarily a good outcome. A lot of SMEs have used up...
SOS – help managing cashflows in distress?

SOS – help managing cashflows in distress?

The saying “Cash is King” is very true: profit doesn’t pay the bills. But that doesn’t help when there just isn’t enough cash to go round and you need help with managing cashflow and getting out of trouble. This is the final instalment in...
Why bother with a cashflow forecast?

Why bother with a cashflow forecast?

With CBILS, Bounce Back Loans, VAT deferrals, grants etc there may be more cash in the bank now than ever before and your cashflow is sorted for the next couple months. But what happens after that? Lockdown has probably helped the bank balance with customers paying...
Covid-19 support navigator

Covid-19 support navigator

At the time of writing the lockdown has been in force for 6 weeks, and in that time there have been a myriad of support packages (and revisions) announced by the government in an attempt to keep businesses in business. It has been a constant struggle to try to stay up...
Why bother with a cashflow forecast?

Cashflow in a time of Coronavirus

As a follow up on my CBILS advice I want to share the cashflow checklist that I produced for my clients (and for myself!) A cashflow forecast is the best way to see how much help you need at the moment (and you will be asked for one if you intend to apply for help...