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Working capital

Find out more about the benefits and risks of using your assets to finance your business. Options available include hire purchase, leasing, invoice factoring and discounting, and commercial mortgages.

What's on this page?

  • Online articles
  • Useful links
  • Articles and books from the Library

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Featured guide

The Business Finance Guide

A joint ICAEW Corporate Finance Faculty and British Business Bank guide setting out finance options for businesses, to help them start, grow and prosper. It includes sections on debt finance and asset-based finance, with explanations of invoice finance, factoring and asset-based lending (ABL).

Featured article

Sustaining the focus
Financial Director, Sep 2014
The UK's largest listed companies are starting to see the fruits of an increased focus on working capital, as costs and debt start to decrease and cash on hand and free cash flow increase. 

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Bank finance chiefs relieved at Basel III

The article provides information on the benefits of the Basel III regulatory framework for banks with large mortgage accounts. Topics discussed include the key factors in managing banking risks, the impact of the regulation on loan-to-value assets, and opportunity offered by the slowing pace of the regulation.

Predictions for a mature market

Article discusses the trends in the asset-based lending (ABL) industry in 2016 and forecasts the industry landscape in 2017. Topics include the influence of competition on ABL, the concerns over the increases in company valuations and the impact it will have on private equity and leveraged buyout, and the expected increases in the interest rate in 2017.

Technology leads the way

Daniel Proctor explains how advancing technology is changing the lease and hire purchase landscape.

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Useful links

ICAEW resources

Accounting for asset finance
We have a separate page on accounting for leasing and asset finance.

ICAEW Business Finance Guide
Includes sections on Debt finance and Asset-based finance, with explanations of invoice finance, factoring and asset-based lending (ABL).

Guides and publications

What is asset finance?
Guide from Startups.co.uk covering the asset financing options available for small businesses, the costs involved, and the variables lenders consider.

Industry bodies

Asset Based Finance Association (ABFA)
Represents the UK and Irish asset based lending, factoring and invoice discounting industries. 

Surveys

2018/19 annual global working capital survey
PWC's latest survey analysed the working capital performance of large global listed companies over a five year period, investigating how it varies by industry and geography.

Working capital performance of top European companies
The Hackett Group 2018 survey comparing the working capital management of Europe's top 1000 non-financial companies, ranking the best and worst performers by industry sector. Requires free registration to download.

Atom Content Marketing guides

Articles and books in the Library collection

Selected book

Working capital management: applications and cases
(Wiley, 2014)
Explains how to use the current assets and liabilities of a company effectively. Topics include managing the working capital cycle and credit and short-term financial instruments. Written from a U.S. perspective.  

Find more articles and books

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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