Managing Christmas Cash Flow
December and January can be tricky months for UK SME’s as sales decline towards the Christmas break, whilst January can be a slow month of trade. During the Christmas break it is anticipated that nearly 50% of UK businesses will close for a week or more. This can have a heavy impact on a business’s cash flow as companies look to hold onto their cash over the festive period.
Inksmoor are already busy helping their clients ensure that credit control is effective and their debts are collected to a timely manner. The effective use of full book invoice finance and single invoice finance can help bridge the cash flow gap not only over the Christmas period but for any businessthat suffers seasonality. Using these cash flow tools along with effective credit control will ensure that these periods are managed without feeling the pinch. As the year comes to a close this is a goodtime to see how our finance products can help you manage your cash flow.