Cash Flow Management

Managing Cash Flow is critical in challenging times

  • 1 hour
  • 119 British pounds
  • Video Call

Service Description

Understanding your cash position is critical in challenging times for the hotel industry. This treatment focusses on the preparation of a detailed cash flow forecast over the next 6 months in order to understand the requirements of your business and to enable discussions between the hotel and bank or funder regarding the needs going forward. The treatment will: - Equip you with the skills to discuss your banking facilities with your Bank or funder - Review cash collection processes and your cash management policies - Identify the key outgoings of the business and what credit terms have been agreed in order that supplies to the business are maintained - Assess VAT and PAYE/NI obligations to government The review will include discussions on planning and forecasting payroll levels needed to support future revenue. YOUR HCC EXPERT Kevin Greenwood is the former Area Director of Finance and Control for the Radisson Hotel group. During his long career he worked closely with individual hotels and owners of all sizes of property. His focus was understanding the financing requirements of the business and enabling owners to plan for Interest payments and loan repayments from cash flow generated from their properties. Importantly, his experiences involved many discussions on the deferment of payments with creditors in order to ensure that confidence remained with suppliers and business continuity was achieved. TREATMENT SESSION Pre-treatment financial questionnaire to be provided (20 mins) 1 Hour Video Call with HCC Expert to discuss Cash Flow Model AS AN ADVISORY TREATMENT OUR HCC GUARANTEE MAY NOT APPLY

Contact Details

0118 4050 200