‘Don’t leave restructuring or refinancing until it’s too late’
Tuesday 30th November 2010, 2:30PM GMT.
COMPANIES and funds are increasingly seeking advice on restructuring their businesses and options for refinancing, a seminar audience has heard.
Linda Johnson, senior manager responsible for restructuring services for KPMG in Guernsey, told delegates at the final seminar in KPMG’s autumn series that availability of cash was at the root of most of the enquiries.
‘When companies are growing, inefficiencies in the business can be masked. When economic conditions change, cash flow can quickly dry up and urgent action is required to improve working capital.
‘Cash is king and that has never been more true than it is today.’
Mrs Johnson said that many businesses struggled to manage cash flow effectively.
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