Skip navigation

Gloucestershire Business News

Financial models: The importance of cashflow forecasting - Paul Fussell of Hazlewoods

By Paul Fussell, partner at Hazlewoods 

'Cash is king' is a well-established concept and a commonly used phrase, which is arguably more relevant now than ever before, as businesses experience payment delays, loss of revenue and cash shortfalls.

Paul Fussell

Historically, however, more businesses have failed coming out of a downturn than going into it.

The importance of cash flow forecasting cannot be understated; it enables you to identify potential shortfalls at an early stage and to adapt your operations to suit.

Hazlewoods has created two basic financial model cash flow templates, which are available to download free from our website, here.

If you need assistance in completing the templates, or require a bespoke model, we would be pleased to help.

Our bespoke, user-friendly financial models (which are built in Microsoft Excel) are tailor made to meet your needs. We work alongside you throughout the process to ensure that you understand the model and related assumptions, enabling you to forecast financial performance and assess strategic options both now and in the future.

Business models differ but, for most, the pinch points will come when business picks up again as working capital will have been eroded and delayed VAT and other payments will fall due. Demands on working capital will be such that careful cash flow planning will be required.

If you require assistance in managing liquidity, or want to understand the impact of your decisions on profits and cash flows before you make them, please contact a member of the team who would be pleased assist you in preparing a financial model, comprising an integrated monthly forecast balance sheet, profit and loss account and cash flow statement.

For more information or to discuss a bespoke cash flow forecast for your business, please get in touch with Paul Fussell at paul.fussell@hazlewoods.co.uk or 01242 680000. 

Related Articles

Why should I use a solicitor to make my will? - Rebecca Tribble of WSP Solicitors Image

Why should I use a solicitor to make my will? - Rebecca Tribble of WSP Solicitors

Making a will is important, especially if you own a house or have a family. But when it comes to actually making one, it can be difficult to decide how best to go about it.

Furlough: Beginning of the wind down - Nigel Tillott of Davies and Partners Image

Furlough: Beginning of the wind down - Nigel Tillott of Davies and Partners

There is now a fairly clear timetable against which businesses can start to plan their strategy.

Domestic abuse during COVID-19 - Amie Calder of WSP Solicitors Image

Domestic abuse during COVID-19 - Amie Calder of WSP Solicitors

Due to social distancing and lockdown measures that have been in place, it seems that the increase in domestic abuse predicted is now becoming a reality.

The impact of COVID-19 on commercial landlords and tenants - Cheryl Leigh of WSP Solicitors Image

The impact of COVID-19 on commercial landlords and tenants - Cheryl Leigh of WSP Solicitors

Cheryl Leigh, commercial property solicitor, examines what the impact COVID-19 is having on landlords and tenants of commercial properties.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.