DMH Stallard has today published a research report highlighting the practical steps that businesses can take to ensure a healthy balance sheet. The report entitled, Maximising Cash and Maintaining Working Capital in the Business, is the result of six months detailed research with manufacturing SMEs across the region and has been produced in collaboration with accountants, Chantrey Vellacott.
The report explores the techniques implemented by businesses to maximise their cash flow and explores issues from the fundamentals of credit control and cash management, to how businesses are taking advantage of available funding schemes such as capital allowances, and research and development (R&D) tax credits.
James Colvin, DMH Stallard Partner and co-author of the report commented,
"All of the companies we interviewed saw cash conservation as a basic requirement of managing a successful business which is what you would expect. What was interesting however, was the number of different, but all equally valid approaches, to protecting the bottom line."
The report includes a summary of top tips that businesses may want to consider when looking to maximise cash-flow and maintain working capital.
For a full copy of the report please email scott.garner@dmhstallard.com
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