Turnaround Forecasting is About Reality, Not Hope #015

Published on 14 November 2010 by Tony Groom Normally most forecasting is done for lending, fund raising or other investor related purposes and therefore with hope of future growth built into the forecast. Such forecasts show how loans will be repaid and investors will achieve a return on their money. Such forecasts are often not […]

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The Focus Must be on Cash Flow When Times Are Tough #029

Published on 21 January 2011 by Tony Groom Profit and turnover are, of course, important measures of business performance but when times are as difficult as they are at the start of 2011 and many businesses are finding themselves in difficulties the main focus must shift to cash. Cash flow is the most immediate indicator […]

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Managing Tax Payments With Time To Pay Arrangements #004

Published on 22 October 2010 by Tony Groom There are hundreds of thousands of businesses struggling to meet their financial obligations to the Exchequer. Businesses, especially smaller enterprises, have been reporting that in the current difficult economic climate they are struggling with cash flow issues as customers and suppliers try to stretch out the time […]

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Factoring and Invoice Discounting: Be Wary of Hidden Fees #038

Published on 1 March 2011 by Tony Groom Factoring and invoice discounting (borrowing money against invoices) can be a helpful tool for funding the working capital of a business. While it used to be regarded as a means of borrowing by businesses in financial difficulties, it is now a common source of finance for managing […]

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Do Small Businesses Understand Working Capital and Liquidity? #046

Published on 6 May 2011 by Tony Groom There is some doubt about whether small businesses in particular understand the concept of liquidity. When borrowing against assets, such as the sales ledger using factoring or invoice discounting or plant and machinery finance or property mortgages, there seems to be a widespread misunderstanding among businesses about […]

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Dealing With VAT Arrears and PAYE Arrears #002

Published on 15 October 2010 by Tony Groom Owing Her Majesty’s Revenue & Customs (HMRC) more than £150,000 for overdue VAT and PAYE when your turnover is less than £3 million is not uncommon in 2010. A second, more extreme example of HMRC arrears was a labour services company that owed more than £100,000 having […]

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