Avoiding issues with paying suppliers or creditors means knowing what money you have coming in and going out.
Simply speaking, if your business lacks the cash to pay wages, rent and bills, in the best of times it will struggle to stay afloat. But combine a lack of cash with uncertainty around the economy and survival can be even more difficult.
The COVID-19 outbreak has taken businesses into one of the biggest periods of economic uncertainty in recent history. While such a unique event has made financial planning increasingly challenging, being able to forecast as best you can is paramount.
In times of change, communicating and renegotiating with suppliers, customers, lenders or investors is vital. To do that most effectively, it helps to have the clearest view possible of your cash position.
Enter your postcode to find business support and case studies from businesses within your region. You'll be taken to our interactive map.
Reference to any organisation, business and event on this page does not constitute an endorsement or recommendation from the British Business Bank or the UK Government. Whilst we make reasonable efforts to keep the information on this page up to date, we do not guarantee or warrant (implied or otherwise) that it is current, accurate or complete. The information is intended for general information purposes only and does not take into account your personal situation, nor does it constitute legal, financial, tax or other professional advice. You should always consider whether the information is applicable to your particular circumstances and, where appropriate, seek professional or specialist advice or support.