Beware of Brexit’s cashflow factor
The banking appeals watchdog is urging SMEs to focus on the cashflow impact of Brexit, writes Siobhán Maguire
Cash is the lifeblood of any business and one of the main causes of business failure is running out of working capital. Therefore, any impact on cashflow needs to be taken seriously, which is why the Credit Review Office is alerting small and medium business enterprises to take stock of changes ahead of Brexit.
“Businesses need to have plans and strategies in place to mitigate Brexit shocks,” said Catherine Collins, the Deputy Credit Reviewer. “This...
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