Month: April 2019

6 lessons SME’s can learn from Debenhams going into administration

“Where am I going to buy my clothes if Debenhams closes down?” was a comment made by my wife when hearing they had gone into administration. This prompted me to take a look at Debenhams to understand what went wrong and the lessons that could be learned by other...

6 Ways to turn working capital into cash

A key responsibility of the finance function is to manage working capital and increase the speed at which it is converted into cash. This article offers suggestions as to how this can be achieved. What is working capital?Working capital is defined as current assets minus current liabilities. Current in...