About Thames Hill
We are a Chartered Certified Accountants firm based in London. We are registered with the Association of Chartered Certified Accountants to carry on accountancy and tax work in the United Kingdom.
We are an approachable, resourceful and result-oriented team. Our primary aim is to help you grow your business and increase your net worth. Our smarter ways facilitate you to keep your books orderly, tax bill reduced and monies planned in a timely manner.
Why is cash flow the backbone of any business?
Successful businesses keep a close eye on their cash flow for a number of reasons e.g:
- A cash flow statement tells you where the money is being spent.
- For a start-up, it gives a better picture of the business than a profit and loss statement e.g. higher sales but no credit recovery could be a serious issue. So a business can run out of cash while it is very profitable!
- It records the timing of cash spends and receipts, therefore, affects the need to borrow (or not) from the banks at interest.