TITLE

UK firms sweeping away the cashflow blues

PUB. DATE
October 2003
SOURCE
Management Services;Oct2003, Vol. 47 Issue 10, p3
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
British companies are winning their ongoing battle against cashflow problems, according to the 2003 Business in Britain report from Lloyds TSB Corporate. Despite economic uncertainty following terror attacks in the U.S. and subsequent wars in Afghanistan and Iraq, just 18 percent of firms reported cashflow as having been an issue during the first half of 2003. Late payments by customers remains the most likely source of cashflow concerns, with nearly two-thirds pointing in this direction. In contrast, only 44 percent of companies across all sectors highlighted falling demand for goods and services as a key factor. Historically, construction firms have experienced the toughest time with cashflow issues, but the survey says finds British manufacturers facing the biggest challenge. Nearly a quarter of them confirmed they are encountering difficulties.
ACCESSION #
11177278

 

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