An Opportunity Missed?

Can we take it you would always want to help your clients obtain the most appropriate cashflow solutions that their businesses sometimes cry out for?

One of the most common issues faced by the SME business sector, on a daily basis, is their cashflow – or lack of it.  There are not many smaller companies, post-Covid, that still sit on available cash and many now struggle with the simple day to day requirements of paying suppliers on time.

When it comes to ‘stay awake issues’ for business owners, customers paying late and loss of revenue are top of the list.  As an accountant, you are likely to be fully aware of the many facilities available to assist and support your clients, yet more than two thirds of accountants have said that whilst they understand the benefits of utilising invoice finance, they do not promote it as a cashflow solution to their clients.

In a recent survey, British Business Bank’s Small Business Finance Markets 2020/21 report said that “The SME market highlights a surge in applications for external financial support, including government and local grants, among small and medium sized businesses (SMEs), with almost half (45%) of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. At the same time, gross bank lending (excluding overdrafts) to smaller businesses rose to £104bn in 2020, 82% higher than in 2019, driven by use of the government loan schemes.”

“The report suggests there could be significant further demand for funding into 2022 and beyond, as businesses seek to move on from the pandemic, pivot towards growth, improve productivity and transition to a new ecologically focussed economy”

“External finance most often sought for cashflow with some investing for growth”

With government support for SMEs mostly discontinued, it is time for the innovative UK Finance sector to take a lead in providing finance solutions to a growing number of UK companies.

FlexABL and their experienced management team, has been delivering cashflow solutions now for over 30 years. Those services allow businesses to turn up to 90% of their unpaid invoices into cash within hours. There really is no longer any reason to wait to be paid to give an immediate boost to cashflow that your clients may well need.

Our systems connect with most of the major accounting software packages, meaning less admin and paperwork all round. Our team are on hand, at all times, to help you and your clients, through this process to release the pressure and help them grow.

Now is the time to get the SME market back on track and with your help we can support your clients.

If you would like to find out more about our services, or if you have a particular client you wish to discuss and would like to have a chat, then please do give us a call or drop us an email at pstokes@flexabl.co.uk