Commenting on the results and the outlook, David Suddens, Non-executive Chairman said: Last year was a very
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Commenting on the results and the outlook, David Suddens, Non-executive Chairman said: ‘Last year was a very challenging one for the Company. We have since made a number of difficult decisions in order to maintain Bank support and improve the performance and potential of the business. Good progress has been made in the implementation of our turnaround plan, including debt reduction through the disposal of non-core assets and better working capital management.’
Questions
1 How could a distribution company improve its working capital management?
2 What kind of bank support is needed to cover working capital requirements?
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1 Working capital is the difference between a companys shortterm assets such as inventory accounts receivable and its shortterm liabilities such as ac...View the full answer
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