Cash Flow problems.
The single biggest problem facing small to medium sized businesses (SME’s) today is, CASH FLOW. It is also the main reason for Business failure. The reasons are many:
- The business is under capitalised, without sufficient working capital. This could be an historic problem, or one caused by growth or over trading.
- Overdue or bad debts.
- Over stocking or obsolete stock.
- Over financing or over investment.
- Pressure on sales and margins due to market conditions or competition.
- Income & Expenditure balance is negative.
- Banks reducing or withdrawing facilities, or demanding more security.
- Credit insurance on your business has been withdrawn and your suppliers are insisting on pro-forma payments.
- Aggressive creditors (Suppliers, Banks, and Revenue) are demanding payment. Legal action has started-CCJs, Statutory Demand
For more information & free advice call 01392 314 092
Debt Recovery Management.
We advise on Debt Recovery on a “No Win-No Fee” basis. Always remember that a happy and solvent Debtor pays your Creditors, so we also install systems to make sure you manage your ledger professionally and each of your customers are credit checked, in detail, before you supply goods or services. A few £s spent checking out each new customer will determine the credit terms you should apply, or not and save you time and money chasing “bad” debts at a later stage.
A good starting point is to understand just how much of your current sales ledger is recoverable, by asking us to produce a Recoverability Index (PRI) This checks out all your customers and rates each one with a % possibility of collection. If you intend raising finance at some stage, your lender will want this information.
For more information & free advice call 01392 314 092
Aggressive Creditors.
We deal directly with Creditors, be they Trade, Revenue, Vat or Financial and any associated legal threats such as CCJs, Bailiffs, Statutory Demands and Bankruptcy/Winding-Up Petitions. This removes the stress and allows us time to review and plan accordingly.
For more information & free advice call 01392 314 092
Solvency Reviews.
We conduct in depth “Business Health Checks” for Directors and Shareholders and assist in the preparation of Proposals, Business Plans and Budgets for presentation to prospective Financial Lenders.
For more information & free advice call 01392 314 092
