Economic uncertainty remains the biggest concern for British businesses, with 35 per cent of those surveyed citing this as the biggest challenge to managing working capital over the next 12 months.
However, the clear driver of increase in working capital for manufacturers is the historic build-up of inventory. The Index for purchases and finished goods hit an historic high of 131.3, with the fastest quarterly growth in history. Total inventory for the firms we analysed jumped nearly 30% in the last three years.
To discuss how we can support your business in making more of its working capital, please speak to your relationship manager, email us at workingcapital@lloydsbanking.com or contact us.
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