Cash flow solutions from Hilton-Baird
Irrespective of your sector and turnover, a healthy cash flow is an absolute necessity for any business to fulfil its potential. Just imagine what could be achieved if your customers paid on time and cash flowed freely within your business.
The Hilton-Baird Group makes this vision a reality. Comprising a commercial finance brokerage and debt collection agency, we are proven at introducing the most appropriate cash flow solutions to businesses of any shape or size.
Find out how we could help yours...
Solutions to improve your cash flow
Solutions to improve your cash flow, provided by the Hilton-Baird Group.
At Hilton-Baird Financial Solutions we recognise that every business is different and has its own unique funding requirements. As an independent broker that specialises in asset based finance, our access to a wide range of solutions and funders allows us to introduce facilities which best match your current needs as well as longer term objectives.
Late payments are a constant thorn in the sides of businesses of all sizes, but it needn’t be this way. Rather than spending your valuable time chasing overdue payments, outsourcing the responsibility to Hilton-Baird Collection Services, with its team of dedicated debt recovery specialists, could be the answer. Specialising in one-off debt recovery and ongoing credit control, Hilton-Baird will allow you to go back to focusing on what you do best: growing your business.
The number of zombie businesses in the UK has risen dramatically from 103,000 in November 2013 to 154,000 in August 2014, according to research by insolvency trade body R3.
This is the highest number of businesses in this position in eighteen months and is particularly alarming at a time where there is constant speculation about when interest rates will rise.
Last week I listened to a frustrated caller on BBC Radio 4’s You and Yours programme explain the difficulties he has faced in getting paid – and how it eventually led him to stop supplying giants Tesco.
This was a bold move. With pressures on businesses from many angles, it can seem illogical to stop trading with a customer, particularly one the size of Tesco, but when payment terms are being continually stretched or late payment is putting your business at risk, is the customer really worth retaining?
Despite the economy looking brighter many businesses are still feeling the pressure. And with constant speculation about when interest rates will rise it’s more important than ever to make sure your business is strong enough to push forward. If your business is experiencing cash flow difficulties, the road back to profit can be a difficult one but it’s crucial to take control now.
Here we offer 7 steps to help get your business back on track.