Adaugeo Media is supporting Lloyds Bank with the launch of the Working Capital Index, a new six-monthly report that uses Purchasing Managers’ Index (PMI) data compiled by Markit to calculate the pressure British businesses are under to either increase or decrease working capital.
The inaugural report is telling us that British businesses are under historically high pressure to tie up cash in working capital with £498bn of surplus working capital tied up in the British economy.
Adrian Walker, managing director, head of Global Transaction Banking, said: “By understanding the hurdles they face and how their working capital levels compare with industry norms, British businesses can use this insight to unlock the cash trapped within their business, become more efficient and realise their full potential.”
"We are delighted to assist Lloyds Bank in producing what will become an ongoing barometer of working capital pressures facing British businesses", said Mike Hewitt, Managing Director of Adaugeo Media.
"For a specialist agency in the treasury and transaction banking space like ours, this project is a great example of how a close working relationship with a forward-thinking client can deliver real results by bringing together research, content creation and event management."
The report was launched this week and will be followed by a series of our events, organised by Adaugeo Media, in Edinburgh, Manchester and London over the next two months.
The Working Capital Index report can be viewed here. For more details about attending a Working Capital index regional event, speak to your Lloyds Bank representative or e-mail email@example.com.