Maintaining a steady cash flow is a common challenge faced by an SME, especially in industries where long payment terms are the norm. Invoice finance can help to solve this challenge by allowing businesses to unlock cash tied up in unpaid invoices and focus on growth. What is invoice finance? Invoice finance allows businesses to…
read moreWorking capital is essential for an SME (small to medium-sized enterprise). It enables them to manage daily operations, invest in growth opportunities, and navigate financial challenges. Being able to effectively manage working capital ensures that businesses have sufficient cash flow to cover short-term obligations and capitalise on new growth initiatives. What is Working Capital? Working…
read moreCash flow is the lifeblood of any business. Even profitable companies can face financial challenges if cash flow isn’t managed effectively. In fact, poor cash flow is one of the primary reasons SME’s struggle to grow. Mastering cash flow isn’t just about ensuring bills are paid on time; it’s about creating a sustainable financial structure…
read moreStatistics collected by the Government in 2022 show that the SME sector accounts for 99.9% of the business population. If we break this down there are 5.5 million private sector businesses, 1.4 million employ staff and 4.1 million have no employees. Analysing further 5.47 million fit in to the small business category (0 to 49…
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