SECTOR FOCUS: FINANCE
Banks like stability from both
their clients and the general marketplace however recent times have not displayed this and the short-term future both politically and economically is not obvious. In an uncertain market it is even more important to monitor your working capital requirements and if for example there is a reliance on overdraft this is normally annually renewable and shouldn’t be assumed as a given particularly if the business is in a challenged market sector.
Inevitably financially fit
companies will succeed over their weaker competition so concentration on when to invest or not shouldn’t be left to chance but form a core part of management planning.
Start Point Finance are independent commercial finance brokers regulated by the FCA and members of the NACFB as well as Devon & Plymouth Chamber of Commerce. Visit:
www.startpointfinance.co.uk
Winter 2019 Chamber Profile 39
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