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Working capital solutions for businesses with urgent cash needs

 

Liquidity under pressure

The revenue lost by businesses during the COVID-19 crisis represents a permanent loss and is putting sudden, unanticipated pressure on liquidity. Many businesses across a multitude of sectors are finding that they need to approach their suppliers, customers, and financiers to arrange short term solutions to support their cash flows. This article identifies why companies may experience cash flow issues and what actions they can take to address short term working capital requirements.

Topics addressed in this article:

  • The impact of the COVID-19 crisis on businesses’ cash and working capital
  • Cash flow forecasting and steps to take to ensure robust cash management
  • Levers to release pressure from working capital

Key Contacts

Andrew Grimstone

Deloitte - United Kingdom
Andrew Grimstone is the Global leader of our 2,500 strong Turnaround & Restructuring team. In the UK, he leads our Corporate Turnaround team as part of our Performance Improvement offering, working with our VCS & DCA teams, as well as our EMEA Special Situations Desk in London, connecting with our other Global desks New York & HK-Singapore. Andrew has over 25 years’ experience dealing with complex international Turnaround, Restructuring and M&A assignments, leading reviews and assessments of corporate groups, acquisition targets and divestments for the purposes of advising corporate clients, investing institutions and creditor groups. Based in the UK, Andrew has worked with clients and Deloitte teams in over 40 countries, and in multiple sectors including Telco, Media, Mining, Steel, Construction, Oil & Gas, Manufacturing, Chemicals, Automotive, Insurance, Infrastructure, Retail, Wholesale and Pharma. He often works with businesses facing strategic and operational challenges in their markets and under pressure to manage costs, working capital and complex debt burdens.
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