IMI webinars tackle big cashflow challenge for automotive sector

KPMG Automotive expert joins IMI CFO to look at how businesses can manage finances

With over a quarter of automotive businesses who are continuing to trade reporting turnover has decreased by more than 50%, the latest webinar from the Institute of the Motor Industry (IMI) is set to address the big cashflow challenge many organisations are facing.

The Cashflow Clinic – Wednesday 24th June 2.00pm

Designed for automotive retail businesses of every size – from sole traders and SME owners to managers with P&L responsibility in medium-sized and larger businesses – the webinar will address the urgent business finance and cashflow questions facing many organisations.  

Topics covered by Andrew Burn, Partner & Head of Automotive, KPMG and Simon James, CFO will include:

• Managing your cost base and liabilities when cash is tight
• Managing your bank
• Managing your company financing
• Changes in legislation

Simon James, CFO of the IMI said:  “The latest data from the ONS showed that there is definitely some turnaround in activity for the automotive retail sector.  But there are still 6.3% of automotive businesses said that they either had no cash reserves or less than a month, potentially putting 5,300 businesses at risk.  Managing cashflow at this difficult time is, therefore, more important than ever.”

Please register here.