Help for Distressed Businesses

Business owners faced with a shortage of cash and therefore an inability to meet creditor demands should seek help and advice at the earliest opportunity. Such advice may focus on a strategy to save the business as a going concern if viable, tailored specifically to the needs of the business, its sector and trading conditions.

What can be done?

Cash shortage is invariably the catalyst, therefore opportunities to increase finance opportunities should be investigated such as:

  • Overdrafts/Loans
  • Factoring/Discounting
  • Stock/Trade/Payroll Finance
  • Asset/Property Refinance
  • Asset Sales

Is the business trading in a way to maximise available cash? Consideration should be given to reviewing and improving aspects of the business if possible:

  • Credit Control
  • Debt Recovery
  • Overheads
  • Employees
  • Suppliers
  • Company Tax