Cash management

Icknield has extensive experience of hands on specialised cash management and working capital improvement.

In a distressed corporate environment, the window of opportunity to find an optimum solution for all stakeholders is increased by hands-on management, forecasting and monitoring of cash combined with working capital improvement. In addition, any new funding required can usually be reduced through active cash management.

Our services are tailored to ensure a complete improved solution. All aspects of cash flow management services can be provided including:

• Implementing cash forecasting systems and procedures
• Hands on management of cash flow crises
• Identifying the potential and delivering improvements in cash flow including working capital reduction
• Negotiating proposals with customers, suppliers, lenders (banks, ABL & bond holders) and other creditors including landlords, HMRC and pension trustees
• Creating cash flow plans to ensure survival during stabilisation and restructuring phases of turnaround projects

Projects are usually undertaken on a team basis including existing company personnel so that at the end of the assignment the company has a trained resource as well as effective cash management systems.

Icknield works closely with stakeholders and their advisers to give them clarity on cash and confidence that focussed efforts are being made to control and improve cash flow performance

Link to case study