Shropshire Business Talk: Helping food and drink firms to be fleet of foot

  • 📰 ShropshireStar
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

As food and drink production continues to outperform other UK sectors, Richard Jenkins, Area Director for Shropshire at Lloyds Bank explains how the region’s businesses can ensure they meet surging demand.

The latest Lloyds Bank UK Sector Tracker has found that UK food and drink producers saw output grow at the fastest pace of any monitored sector in August, its second month of consecutive growth.

All this comes shortly after food distribution giant Harlech announced that it is set to create an additional 150 jobs at a new depot in Telford. Of course, as the region’s food and drink sector continues to go from strength to strength, this is a positive outlook that firms will naturally want to lean into. Busier periods, businesses must ensure they have a healthy working capital position and that’s why more firms are considering financial products like invoice finance and asset-based lending tools - to help fuel their growth plans.

For food and drink businesses that sell directly to retailers, restaurants and bars, an important practical way to maintain a healthy cashflow is to invoice and collect debts on time. But this isn’t always possible. Invoice finance can help here, as it allows suppliers to release up to 90 per cent of the value of their invoice book, typically within 24 hours so it is a perfect option for wholesalers awaiting payment for a big order.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 98. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Shropshire Business Talk: Advice for families who send their children to private schoolsShropshire families who send their children to private schools will see their costs rise under changes planned by the Government.
La source: ShropshireStar - 🏆 98. / 51 Lire la suite »

Shropshire Farming Talk: Possible Inheritance Tax changes prompt business rethinkThe possible abolition of Agricultural Property Relief (APR) in the next government budget could have significant financial implications for landowners, particularly landlords.
La source: ShropshireStar - 🏆 98. / 51 Lire la suite »