Skip Navigation LinksHomepage > Articles and Papers > Article 30/06/08
..Basket total: view

Choose your article in the left pane. View your chosen article in the right hand pane or, for PDF articles, the separate browser window.

List of articles

03/04/2017 - Brexit, forecasting and cash flow ...View pdfPDF

19/01/2016 - Guide to Cash Flow Forecasting...View pdfPDF

05/11/2014 - Business Loan Success Rates and Costs...View pdfPDF

11/09/2013 - More than 1 in 10 SMEs now use invoice finance, SME Finance Monitor...View

30/11/2012 - Obtaining Finance for SMEs...View

30/03/2012 - Stamp price rises make Spindle more valuable than ever...View

02/02/2012 - Double-dip recession? Who will help mid-sized companies?...View

04/02/2011 - Managing Cash in 2011...View

04/02/2011 - Will my bank lend to me in 2011...View

14/07/2010 - foreCASH featured in Network News...View pdfPDF

27/04/2010 - Bank lending to private companies falls by 5.7% in the year to March 2010...View

15/04/2010 - 18% of manufacturers say - More than half of invoices paid late...View

30/10/2009 - £14 report could have saved chancellor £billions ...View pdfPDF

30/04/2009 - foreCASH featured in Accountancy Age (April 2009)....View pdfPDF

28/02/2009 - Third of businesses drop customers ...View

30/06/2008 - In denial or just depressed? ...View

31/01/2008 - Business confidence at two year low ...View

31/10/2007 - Lean times ahead? ...View

29/03/2007 - Buying or renting? ...View

31/01/2007 - Spreadsheet blues ...View

30/06/2008 - In denial or just depressed?

The Q2 2008 Institute of Chartered Accountants in England and Wales (ICAEW) BCM (Business Confidence Monitor) survey shows confidence at its lowest point since the survey began in the 1990's.

While 6 months ago the pessimism triggered by the credit crisis was restricted to property and financial sectors the latest survey showed this had spread to all sectors, all regions and all company sizes within the survey.

Companies are anticipating that input costs will rise twice as fast as sales prices with an inevitable impact on margins but do, on average, envisage a low level of sales growth this year.

The conundrum facing business planners and forecasters is how to reconcile the disparity between the growth forecasts (albeit at a low level and boosted by inflation) that businesses expect from their own businesses with their general lack of confidence in the wider market.

Companies are typically planning modest increases in headcount this year based on their sales forecasts but if they followed their business 'mood' they should be reigning in costs and reducing headcount.

Is the depressed mood overdone, or are companies in a state of denial over their own ability to buck the general trend?



Cash flow forecasting software - Copyright Well Keen Limited 2003-2018 Pg-5110