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Cashflow: GRITIT

Posted by Phil Voice on November 27, 2012 at 11:07am in Business

n 2004 GRITIT was the first company in the UK to specialise exclusively in winter gritting.

The business was more than doubling in size every year, as the business grew so did a requirement for cash. Some winters would be a lot colder than others and operating on a pay-as-you-go basis meant revenues varied depending on the severity of the weather.

In order to secure a more stable cashflow model we researched weather derivatives as a way of reducing the risk associated with adverse weather conditions. Weather derivatives are a financial tool that allow you to essentially bet against the weather and hedge against either a colder or warmer winter so you can average out costs and be clearer on income and revenue.

Read the full article on the Guardian Small Network - Cashflow: GRITIT

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