Already have a business account with us?
Find out more about
Our products
Other borrowing options
Other borrowing options
Other borrowing options
Other borrowing options
Other borrowing options
Already have a business account with us?
Find out more about
Other borrowing options
Other borrowing options
Other borrowing options
Our products
Find out more about
Banking with us
Despite government-backed loan schemes or grant funding, many UK businesses do not have enough cash reserves to last the next 6 months. How you therefore manage working capital is now even more crucial as businesses move into the next phase of COVID-19.
UK companies will experience significant pressure on cash flow in the coming months as financial support measures are gradually phased out.
Accurate and timely cash flow information will be critical in the months ahead.
As firms restart and the demand for cash increases it will be important to review end-to-end customer order and invoicing processes.
Agreeing and documenting payment terms with customers is critical and will provide clarity over invoice due dates.
The potential impacts of Brexit could increase lead times and extend cash conversion cycles at a time when pressure on working capital is increasing.
It will be important to review contractual terms with international trade agreements to minimise the impact of any changes including new duties.