Across the globe, companies are building up cash reserves. In the UK, total cash on hand has risen by 14% since 2010. However, the majority of this cash sits in the bank accounts of a relatively small number of corporates. Grant Thornton weighs in.
Evidence of the UK’s growing ‘cash conundrum’ has been gathered as part of the annual study into the needs of the UK economy. The study examined the cash and working capital performance of almost 3,000 public and private UK companies. So why, in an unprecedented low-interest rate environment, are large companies holding so much cash?…
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