North West has billions in hidden cash that could fund growth
Businesses across the North of England have around £116.4bn tied up in working capital, according to new analysis of more than 5,000 UK businesses from Lloyds Bank Commercial Banking.
This means North West firms could be left ill-prepared to deal with unforeseen opportunities and challenges by tying up the equivalent of 8.9% of their total revenue.
Working capital is the amount of money that a company ties up in the day-to-day costs of doing business, and tends to increase as businesses grow or as efficiency falls.
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