Why cash flow is so important now
Some businesses may be lulled into a false sense of security with regards to cash flow at the moment.
With the final payments from customers that are on 60-90 day terms, suppliers that have been paid on 30 day terms. money from government support, not having to pay HMRC may lead to a cash surplus being built up, or the bank overdraft finally being cleared.
However this could put you in a false sense of security as the cash low point for your business could be August / September. Now is the time to be looking at when you could be running out of cash, how much you need to get through and how you are going to get facilities to get through it.
Hopefully the video below should explain this:
If you need any help or support looking at short term cash flow please get in touch.