Latest report by our working cap specialists shows that so much finance remains untapped on the balance sheet. Mark and his team have delivered phenomenal improvements to legal and other professional service firms - both in working capital but also improved profitability due to timely action being taken. For those firms running their finances via large bank faciltiies (often 'on demand' ones) wouldn't it be logical to take your financing back into your own hands?
The research revealed that £136 billion in cash is tied up in working capital on the balance sheets of UK corporates, with large corporates under-performing against their small and medium-sized peers in year-on-year working capital and profitability trends. Our study also highlighted that size nor sector are a barrier to driving transformational cash release from working capital. Key questions organisations should ask when considering their working capital optimisation strategy include: Should working capital improvements be an immediate strategic focus point for management? Without this focus, do you risk being left behind? The role that size plays in prioritising working capital optimisation. Who is leading the charge and setting the standards? What are the myths and realities around sector working capital requirements?