Businesses are being urged to start preparing for the Christmas shut down period now to avoid traditional post-Christmas cash-flow shortages that typically lead to a spike in insolvencies in February.
Altrincham, Cheshire (PRWEB UK) 28 November 2012
"Businesses are being urged to start preparing for the Christmas shut down period now to avoid traditional post-Christmas cash-flow shortages that typically lead to a spike in insolvencies in February." Nick Cookson, Business Development Manager at Target Business Assist Ltd explains.
"As companies shut down over the Christmas period and the normal payment cycle stops, businesses can find it extremely difficult to get their invoices paid - and this year will be no exception. The Invoice Factoring services that we provide can mean the difference between success and failure during these testing winter months for businesses in the UK."
While many payments are affected by the fact that key staff are on holidays, reduced selling periods in December and January also puts extra strain on cash-flow.
It's a double whammy. Nobody's paying their bills because nobody's getting paid.
Forecasters are also predicting that Britain are set to face its coldest winter for 100 years with temperatures dropping to as low as minus 20c in some areas throughout December and January. This can lead to road closures and rail networks shutting down which causes major disruptions and can grind the country to a halt.
With this in mind, more and more businesses are looking at Invoice Factoring and Invoice Discounting to pre-empt this problem by submitting its invoices and getting up to 95% of the cash immediately.
Immediate action is required to get these transactions processed and maintain a healthy cash-flow. By acting now it will give many businesses peace of mind over the festive period and leave them ready to face all eventualities the forthcoming months may throw at them.
Target Business Assist Ltd can help your business secure the vital finance that it needs to survive over the winter months by arranging Invoice Factoring, for more information on how they can help you please call Nick Cookson on 0844 846 7475 or email info (at) targetbusinessassist (dot) co (dot) uk.