For Immediate help 
A firm is insolvent when it becomes unable to meet its financial liabilities and, though this is not necessarily the same as having cash flow problems, there is usually a close connection between the two.
Business cash flow problems open the door for a number of other issues which can lead to formal insolvency proceedings unless you seek help from professional insolvency specialists at the earliest opportunity.
You will need to be honest with yourself and face up to figures in front of you – it may be just a temporary problem that can easily be resolved, or maybe you’ve been in denial and there are serious underlying issues which will require steps to rescue the business.
Once a company begins experiencing cash flow problems the biggest worry for its directors is being faced with a winding up petition by creditors, which then means the company may potentially be wound up and/or encounter difficulties if continuing to trade (such as the company bank account being frozen).
There are several ways in which cash flow may be improved, such as by increasing income, improving profit margins or by reducing debt repayments to creditors through negotiations.
If you are unable to increase income, despite your best efforts, and you cannot afford to pay off your bills and debts, then the only remaining option for rescuing your business from insolvency is to approach your creditors with some form of a payment plan (CVA) to begin the route to recovery.
If outstanding invoices are causing you to operate without adequate cash flow, there are funding solutions available to help alleviate this issue.
Beesley Corporate Recovery have over 20 years experience dealing with creditors such as HMRC and can negotiate a payment plan on your behalf or we can look into funding options to allow your company more breathing space.
For more information on how to handle cash flow problems and the options available for your company, arrange an initial consultation with one of our specialists for immediate and confidential advice.
For peace of mind, why not ask for our advice?
Request a confidential consultation with one of our insolvency specialists today.
If you are unable to increase income, despite your best efforts, and you cannot afford to pay off your bills and debts, then the only remaining option for rescuing your business from insolvency is to approach your creditors with some form of a payment plan (CVA) to begin the route to recovery.
If outstanding invoices are causing you to operate without adequate cash flow, there are funding solutions available to help alleviate this issue.
Beesley Corporate Recovery have over 20 years experience dealing with creditors such as HMRC and can negotiate a payment plan on your behalf or we can look into funding options to allow your company more breathing space.
For more information on how to handle cash flow problems and the options available for your company, arrange an initial consultation with one of our specialists for immediate and confidential advice.
For peace of mind, why not ask for our advice?
Request a confidential consultation with one of our insolvency specialists today.
