Please get in touch with the team at Price Bailey through this form
On the subject of valuations in the COVID era, Simon Blake discusses the importance of forecasting performance during the pandemic, whether for the purposes of a valuation or to help understand what is going and what the business may need in terms of funding and facilities in order to trade out of this rough period. In particular, cash forecasts are paramount in the current circumstances.
The phrase ‘cash is king’ gets banded around a lot, but it has never been truer than at the present moment. For many businesses they will be presenting somewhat of a false position in terms of cash as during the last 12 months, they have accessed Government funding support, staff on furlough, and some have been able to negotiate deferred payments and rates. Therefore, being able to have a proper look at your cash projections and working out exactly what is going to happen to cash and reserves is absolutely key.