Give your liquidity a lift with asset-based lending (TT Sep09 p18-19)

The old adage of cash is king has never been more relevant than in the current downturn, which has brought cashflow issues into sharp focus. According to a recent report by accounting firm BDO Stoy Hayward, around one in every 50 businesses in the UK will fail this year alone, leading to tens of thousands of insolvencies over the next 18 months, as a result of poor cash management.