More businesses struggling because of cash flow
Forty per cent of financial advisers in the Midlands cite a lack of working capital as a major barrier to growth, reinforcing the fact that businesses need to be aware of how a cash flow plan can help to alleviate financial fears. The figures come from leading Midlands business recovery specialist, Cranfield Business Recovery which surveyed over 50 leading accountants in the region. Following the results Cranfield is highlighting the importance of understanding cash flow in order to support working capital. Even if a company is profitable it can still experience cash flow difficulties