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|SMEs must prepare for Bank holiday disruption to business|
|Thursday, 30 April 2015|
IGF Invoice Finance, a leading UK provider of independent commercial finance, warns SMEs that the long weekend could have a significant impact on their financial security. The two upcoming May bank holidays bring with them a reduced number of working days and take many finance managers out of office, just as outgoings peak at the end of the month.
Tracy Ewen, managing director at IGF, warns: “Bank holidays are often a critical time for small businesses –as many managing directors and staff within the finance department extend the long weekend for city getaways and holidays. As a result, there’s a very real risk of payments not being made, cheques not being signed and, as such, small businesses often experience significant problems with cashflow.”
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