Finance leaders 'have cash flow concerns'

Posted on 30 September 2008

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Cash flow management is the biggest concern for finance leaders in UK private companies.

Recruitment consultants Robert Half's What's Keeping UK CFOs Awake At Night survey found that 51 per cent identified cash flow management as the most concerning, reports onrec.com.

The survey also found that 70 per cent of respondents were concerned about the prospect of retaining finance staff, with 66 per cent also worried about continuing to attract skilled staff in the future.

Phil Sheridan, managing director of Robert Half, told the site that businesses are looking to retain "principles of good financial stewardship".

"Managing access to credit and keeping cash flowing through the business are still the staple responsibilities of the finance director, and need a clear focus in times of uncertainty," he added.

Recent figures from the Office for National Statistics found that an increasing number of workers have moved from private companies to the public sector over the three months to July, personnelltoday.com reports.

Category: Contractor News

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