MissRibena
Registered User
- Messages
- 350
Hi all
After years of muddling through, our SME seems to have turned a corner and is relatively cash rich. We are continuing to invest and grow but in a modest and cautious way. We know that cash is king at the moment and are looking for safe options for the short-medium term for our cash which make the most amount of sense.
We have access to some sterling funds and already have a bit on short term deposit (with rubbish interest rate). The majority is in euro though so we were thinking of a move to (say) a German bank account rather than expose ourselves to extra currency risk.
We still have access to quite a lot of short term funds via invoice discounting. Although we don't really need it at the moment, we're happy to pay the price to keep it in place in case of any changes in circumstances.
This is not the kind of connundrum we're used to managing so are interested to hear what approaches others are taking or might suggest?
Thanks in advance.
After years of muddling through, our SME seems to have turned a corner and is relatively cash rich. We are continuing to invest and grow but in a modest and cautious way. We know that cash is king at the moment and are looking for safe options for the short-medium term for our cash which make the most amount of sense.
We have access to some sterling funds and already have a bit on short term deposit (with rubbish interest rate). The majority is in euro though so we were thinking of a move to (say) a German bank account rather than expose ourselves to extra currency risk.
We still have access to quite a lot of short term funds via invoice discounting. Although we don't really need it at the moment, we're happy to pay the price to keep it in place in case of any changes in circumstances.
This is not the kind of connundrum we're used to managing so are interested to hear what approaches others are taking or might suggest?
Thanks in advance.