Liquidity dangers
Emmanuel Kenning reflects on the cash flow challenges facing broker managers in 2010
According to research by information services provider Experian, 27% of debt payment in December 2009 was overdue and businesses making late payments were remitting at an average of 20.88 days after agreed terms; the insurance sector was marginally better at 20.6 days.
Further reports in February by the Federation of Small Businesses and the Institute of Directors have also shown that broker managers and their clients remain under severe cash flow pressure despite recent signs of economic
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