Managing Financial Distress
In the the lifecycle of a company, there are times when finances are challenging; the company is growing too fast and does not have enough working capital; sales are not going as well as they need to; or a big customer has gone bust owing a lot of money.
The effect can be devastating and can result in the demise of the company. However, with effective measures put in place and a greater understanding of the company's cash requirements, most situations can be overcome. We can help put a company's finances back on track when issues occur.
Business Review
We can provide an independent review of the a business's current financial position, understanding what challenges lie ahead and how to deal with them.
Cash Flow Management
Often, a company needs to manage its cash better to get through challenging times. We can help plan cash flow and negotiate with creditors.
HMRC Advice
HM Revenue & Customs (HMRC) are a creditor of every company. Sometimes, funds owed to HMRC are spent elsewhere to help with cash flow and HMRC debts increase. We can help to negotiate payment plans with HMRC to provide breathing space to deal with debt.
Interim Support
Management can often try to seek potential solutions to financial problems through, for example, raising equity funds. However, they may wish to take ongoing advice through that process to ensure they are acting in the interest of all stakeholders. We regularly help navigate those difficult situations.