Tags: Cash flow

New Law Society survey shows law firm cash-flow pressure

Cash-flow problems are worsening for law firms according to findings from the Law Society’s Law Management Section (LMS) Financial Benchmarking Quarterly Survey. The survey of law firms ranging in size found that 40% of firms were experiencing more cash-flow pressures than in the previous quarter. Firms’ responses to these increased pressures varied considerably. Partners in…

A third of CFOs are keeping higer cash reserves,rather than re-investing in the business

Four in 10 large UK businesses find it difficult to secure finance and credit Almost a third (31%) of UK Chief Financial Officers (CFOs) are retaining higher cash reserves, rather than re-investing revenue back into the business or returning monies to investors, according to new research from Robert Half Management Resources, specialist in interim accounting…

CFOs call for greater support in order to deliver business growth and development

A third of finance teams lack the time and skills required to support business objectives Growth and development will remain the main business priorities for UK CFOs over the next 12 months, but their immediate concerns are how to manage their firm’s balance sheets and how best to control cashflow, according to a new report…

The latest figures published by the Bank of England have revealed that Britain’s biggest banks fell just short of their lending target to small businesses during the first half of 2011. This is despite the Project Merlin initiative, which had widespread support across the political and economic spectrum. Given the context of ongoing negative press…