The economic uncertainty in the UK, exacerbated by high interest rates, forces SMEs to prioritize effective cash flow management to avoid financial distress.
Businesses are experiencing a tighter squeeze on cash flow due to increased borrowing costs, making cash flow management vital for survival.
The Bank of England's decision to keep interest rates high impacts all companies, especially SMEs with limited financial buffers, exacerbating their cash flow challenges.
Higher interest payments from variable-rate loans directly affect businesses' bottom lines, while indirect impacts on suppliers and customers create a ripple effect in cash flow.
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