knowledge.hsbc.co.uk – Keith Tully of Real Business Rescue on what to do about cash flow issues
“Cash is the lifeblood of all businesses, so when you’re continually experiencing cash flow problems, you need to heed the warnings,” stresses consultant Keith Tully, partner at Manchester-based Real Business Rescue, which advises businesses on cash flow and insolvency issues.
“Typically, cash flow problems are the tip of the iceberg and can lead to insolvency if they aren’t addressed as early as possible. Don’t let cash flow problems ruin your business – there’s usually something you can do immediately to improve the situation,” he says.
Read Tully’s 10 suggestions if your business is experiencing cash flow problems at knowledge.hsbc.co.uk