David Willis

David Willis, Managing Director, Intellexis, said, "Financial knowledge has become a strategic training issue.

Managing Director, Mr David Willis,

David Willis, Managing Director, Intellexis, said, "Borealis joins a raft of multinational organisations that include Ciba Specialty Chemicals, Nestlé and Hilton, who now regard financial awareness development and training as an essential part of the business strategy.

David Willis, managing director of Intellexis comments, "The lack of financial understanding and skills amongst UK business managers is shocking and presents a potential business time bomb in UK companies.

David Willis, of Intellexis, which commissioned the survey, said: "The lack of financial understanding and skills amongst UK business managers is shocking and presents a potential business time bomb in UK companies.

"With only a half of managers admitting they are confident financial decision makers, one can only imagine how many costly mistakes are being made.

"Non-financial managers are increasingly expected to manage budgets and finance, but without any formal financial training, companies are placing them under huge undue pressure and strain and at the same time putting their organisations at huge financial risk."

Willis said that EU enlargement and the emergence of fast-growth markets like China means that UK companies must wake up to the fact that they must invest in financial training and development for their business managers if they hope to compete effectively.

"It is essential that companies take action before the gap between business goals and poor financial decision making is simply a gulf too large to bridge," he added.

David Willis, Managing Director of Intellexis comments, "The lack of financial understanding and skills amongst UK business managers is shocking and presents a potential business time bomb in UK companies.

David Willis, Managing Director, Intellexis, said, "Financial knowledge has become a strategic training issue.

David Willis, managing director of Intellexis, which commissioned the study, commented: "The lack of financial understanding and skills amongst UK business managers is shocking and presents a potential business time bomb in UK companies.

David Willis, Managing Director, Intellexis, said, "Establishing such a strong foothold in China and having done so ahead of the competition is a huge fillip for our business and the Intellexis brand.