Jubilee Celebrations Cause Cashflow Problems for SMEs

The Queen’s Diamond Jubilee could cause serious cashflow problems for UK businesses, according to RBS Invoice Finance, one of the UK’s largest providers of invoice finance solutions. With so many company directors, finance staff, and other signatories expected to take time off during the June celebrations, many important payments could be delayed. In addition, a large number of London-based employees are being encouraged by their employers to work from home during this period, which could cause further disruption. RBS Invoice Finance has created a list of Golden Rules for any companies that are concerned about potential cashflow problems during this period. For a start, the company recommends re-visiting any current cashflow projections with a ‘worst case scenario’ in mind, so that SMEs ca... »