CASH FLOW TIPS: Craig Alexander Rattray says key performance indicators (KPIs) and ratios give a guide to liquidity The most important key performance indicator (KPI) is the cash balance and, clearly, the higher this is the better. Similarly, the KPI which calculates the level of cash headroom available is also important. This KPI can be […]
Big Four reforms do not add up
Imposing new rules on auditors misses the point. It’s the auditing process itself that needs to change, says CRAIG ALEXANDER RATTRAY The government is consulting on the future of auditing in an attempt to avoid more major collapses like BHS, Carillion, Thomas Cook and Patisserie Valerie. Proposals include plans to break up the dominance of […]
How to improve your chances of getting a bank loan
CASH FLOW TIPS: Craig Alexander Rattray offers advice on showing your bank that you are a good risk Remember, banks only make money when lending to companies, so they are always keen to do so, but only to companies that are a good risk. To secure bank lending, it is important to show that you and […]
A growing business also creates more risk
CASH FLOW TIPS: Craig Alexander Rattray offers some advice on financing growth Many business owners have multiple opportunities but a combination of fear and uncertainty, a lack of knowledge of how to do it and the related financial implications, as well as a lack of finances, prevents them from taking advantage of these growth opportunities. Like […]
Don’t let debts overwhelm your cash flow
Debts have risen sharply during Covid and businesses must act before their bank does, says CRAIG ALEXANDER RATTRAY The popular saying goes “another year older, another year wiser”. We are all certainly a year older, but are we any wiser? The twelve-month anniversary of lockdown was last week. When Boris Johnson gave us a very […]