In 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 provide an independent review of a business’s current financial position, understanding what challenges lie ahead and how to deal with them. Sometimes the most useful thing we do is give management an honest, outside view on where the business actually is.
Cash flow management
Often a company needs to manage its cash better to get through a challenging period. We help plan cash flow and negotiate with creditors so that the business has room to operate while the underlying problem is fixed.
HMRC advice
HM Revenue & Customs is a creditor of every company. Sometimes funds owed to HMRC are spent elsewhere to help with cash flow, and the HMRC debt builds. We help negotiate payment plans with HMRC to provide breathing space to deal with that debt.
Interim support
Management often seek to solve financial problems themselves, through raising finance, for example. It is important in these periods to get ongoing advice to ensure they are acting in the interests of all stakeholders. We regularly help in those difficult situations.
The earlier the better
There is no charge for the first conversation, and no obligation attached to it. If we think you don’t need us, we will tell you that too.