Midlands has £42bn in ‘hidden’ cash

Sustained economic growth and the fall in the Sterling exchange rate have put record pressure on businesses in the Midlands to increase the amount of money tied up in working capital, leaving them at risk if growth were to weaken in the months ahead, according to a new report from Lloyds Bank Commercial Banking. Firms across the Midlands now have around £42bn tied up in excess working capital – up nine per cent from £38.5bn since the last report was released in May – meaning that firms could struggle to free up cash either t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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