The latest figures for Bank lending in 2011 under the Merlin Project show that £74.9bn was lent to smaller firms, less than the £76bn target
As we witness a continuing reduction of loans to companies in the face of tightening liquidity – now is the time to take a long hard look at your Company’s financial situation.
Any approach to your Bankers could be very uncomfortable in the current climate so it is necessary to demonstrate you have full control of your exposure. Make sure that the Debtors book makes for healthy reading and that inventory control and stock turn are being monitored very closely.
Ironically it is the activities of Banks themselves who have once again precipitated the impending crisis but that will not prevent them from playing hard ball with anyone trying to seek support in the current climate.
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