Companies that proactively manage their working capital have a competitive advantage.
In a challenging world, companies that focus on maximising liquidity and free cash flow are going to be better placed to deal with the uncertainties that lie ahead.
Based on our experience in working with companies to improve their working capital, the following issues are often faced by the board:
- Growth of the business placing strain on working capital, requiring additional funding
- Lack of cash awareness, with no working capital targets or incentives
- Lack of visibility on cash and working capital requirements
- Overdue book debts, disputed debtors and bad debt write-offs
- Lack of control in setting and managing payment terms of customers and suppliers
- Poor stock management and visibility/control
- Poor levels of customer service
Our expert advisers can assist you in overcoming your working capital challenges by:
- Performing a review to identify “easy wins” in generating cash as well as opportunities for longer-term working capital improvement
- Review and comment on the optimisation of the entire working capital cycle
- Identify and comment on improving commercial terms
- Develop action plans to be implemented to generate cash and make sustainable improvements
Dean Nelson, Nicholas Lee, Andrew Stevens and Michael Roome are all licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. They are bound by the insolvency code of ethics, which can be found here.
When acting as receivers, administrative receivers or administrators, they act as agents only, without personal liability, and when acting as administrators, the affairs, business and property of the company are being managed by them.