Portland Legal Debt Collection
Phone Portland Legal Debt Collection on 01489 ­550 496

Many businesses can be profitable and still be struggling or even worse, insolvent. However, for most, businesses which suffer cash flow difficulties, there is no bailout.

During the current financial crisis, even the largest companies have had to face this truth and more than a few have failed as a result.

Unfortunately, businesses do not spend profits, they spend cash and profit growth does not necessarily mean more available cash. Over time, a company's profits are of little value if they are not accompanied by positive net cash flow.

Working capital is critical to business health. Many businesses do not see the cash implications as clearly as they should, which is why having proper cash flow management is essential.

In years gone by, businesses that suffered cash flow difficulties simply went to their bank and asked to increase their overdraft facility, at a cost of course. However, banks have made borrowing more difficult or have simply clammed up completely.

Often one of the simplest and easiest ways for a business to increase cash flow is to collect what is owed to them. Managing current debtor levels, not only improves cash flow and the time lag between making a sale and receiving payment, but reduces the need to increase borrowing facilities, reduces the risk of bad debt and avoids the costs associated with providing extended credit for clients or customers.

Paul Davies, Director of Portland said,

"Late payment is a common problem for many businesses. While we at Portland can't eliminate it completely, we can help."

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