|
|
02 Dec 2008
Lenders continue to reduce 'bilateral' debt facilities, such as overdradts, forex and BACS services, Simon Collins, KPMG head of Corporate, notes, commenting on how the latest developments in the economy are affecting his clients.
'This cash will be a vital lifeline in the first quarter of 2009. Some businesses will feel the pain more acutely, particularly in the retail, leisure and house-building sectors, which have increased working capital requirements after the New Year in the run up to Easter.
'Retailers and house-builders, for example, build up stock in the run up to spring. This will have wider repercussions for the suppliers into these sectors as well meaning the reduction of these facilities now could have far-reaching consequences next quarter.
'The inability to access bilateral loans could be the tipping point for many businesses as they brace themselves for the harsh trading of January and February next year.'
You may also like
Search thousands of financial jobs:
£25000 - £80000 per annum: Pro-Finance: auditors City of London ...
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment