The Manufacturer: Top 10 finance stories of 2018!

Manufacturers face many opportunities and challenges when it comes to financial matters. This year we’ve reported the economic benefits of being British-made, how to monetise your innovation and addressing late payments as an SME.

Here are The Manufacturer’s top 10 finance stories of 2018!

1) Consumers prepared to pay up to 22% more for Brand Britain

Executives gathered to examine how the finance function is changing within UK industrial businesses at Manufacturing Finance Summit.
Executives gathered to examine how the finance function is changing within UK industrial businesses at Manufacturing Finance Summit.

As Britain prepares to negotiate fresh trade deals abroad, global research from Barclays Corporate Banking reveals 39% of international consumers would be more inclined to
buy a product if it displayed the Union Jack.

2) Manufacturing Finance Summit 2018: Your route to higher profits

In his keynote at this year’s Manufacturing Finance Summit, Dr Peter Colman – a partner at the global pricing strategy consultancy, Simon-Kucher & Partners – explained the importance of getting pricing right.

3) £200m Nuclear Sector Deal announced; days after Tidal Lagoon rejected

A £200m Nuclear Sector Deal set to drive down the costs of nuclear energy was announced by the government in June, this just after plans to build the £1.3bn Swansea Bay Tidal Lagoon were rejected on grounds of cost.

4) World Cup 2022: British firms on track for £1.5bn worth of deals

Despite the last World Cup just passing, British companies are already gearing up to play a major role in the delivery of the 2022 FIFA World Cup hosted in Qatar, meaning big business for UK exports.

5) Beavertown partners with Heineken and it isn’t to everyone’s taste

The company, which was founded by Grey in 2001 and who had a turnover surpassing £2m in just two years, puts their success down to good design - image courtesy of Gtech.
Founder of Gtech, Nick Grey – image courtesy of Gtech.

Independent London brewery, Beavertown, announced earlier this year that beer giant Heineken will obtain a minor stake in the company. Is this another craft beer producer selling out?

6) Gtech: Taking international markets by storm

Gtech, a Worcestershire-based manufacturer of vacuum cleaners and garden tools, achieved global sales of more than £17m last year after taking the Taiwanese market by storm; how can others follow suit?

7) UK manufacturers sitting on £250bn in potential working capital

Analysis from Wyelands Bank reveals UK mid-sized, or “Brittelstand”, manufacturers have £252bn in assets that they could use to access working capital to help them grow.

8) What support are UK manufacturers asking for?

For the past two years, a programme has been helping to fill the void left by the Manufacturing Advisory Service (MAS). It’s impact assessment report – exclusively shared with The Manufacturer – has revealed the key areas where manufacturers are seeking support and guidance.

Risk/Reward Revisited: Manufacturing Finance Summit 2019 

  • How should you account for risk across more complex supply chains?

  • What impact will new funding models have on CapEx?

  • Why is the Finance Function central to a once-in-a-generation transformation of process and systems?

These are some of the key issues being addressed at the UK’s biggest gathering of manufacturing finance executives – in a format that sits delegates alongside speakers to enable you to have conversations that matter most.

Register now!

9) #PayIn30Days: Addressing the curse of late payments

Money Finance Budget 2018 investment invest - image courtesy of Depositphotos
Juggling cash flow can be difficult for SME firms – image courtesy of Depositphotos

Running an SME manufacturing firm is tough enough when it comes to juggling cash flow. It is made significantly harder when customers at the top end of the supply chain impose long, drawn-out payment terms on SMEs, who are still expected to pay their own bills in 30 days.

It is a blight that affects businesses across the UK economy. Tony Robinson OBE is Britain’s small business champion and is working for the day when SMEs are treated fairly.

10) Manufacturing Finance Summit 2018: The finance function has transformed

The largest gathering of manufacturing finance executives came together to examine how their organisation’s accounts function is transforming at Manufacturing Finance Summit 2018.

There you have it, TM’s top 10 finance stories of 2018! Don’t forget to sign up to our newsletter to get insider information before anyone else!