We offer services to identify issues and implement appropriate solutions to businesses experiencing financial difficulties.
Often the first sign of difficulty is increasing pressure from creditors.
Clearly each scenario is unique therefore we will assess your situation and provide bespoke advice.
Early discussions inevitably maximises the number of options available and allows you the best opportunity to maintain or regain control.
We can also help you analyse your current financial position and understand your funding needs. We may also be able to assist you in obtaining additional funding and working capital.
There’s an old adage about business that “cash is king” and, if that’s so, then cashflow is the blood that keeps the heart of any business pumping.
Cashflow is one of the most critical components of success for a small or mid-sized business. Without cash, profits are meaningless. Many a business which is profitable on paper has ended up failing because the amount of cash coming in doesn’t compare with the amount of cash going out.
Businesses that don’t exercise good cash management may not be able to make the investments needed to compete, they may have to pay more to borrow money to function or are unable to service their debts on time.
Every business should ensure that they understand their cashflow. Cashflow planning enables you to understand the businesses requirements.
Cashflow forecasting
Cashflow forecasting sounds intimidating, but is actually a deceptively simple process that effectively amounts to using available information to predict how much money you will have coming in and going out of your business at any given time.
The most basic form of cashflow forecast is a spreadsheet, listing income and costs on a monthly basis, with yearly totals for each. For added detail, you can break cost into categories. This can be handy for identifying seasonal variations in cost (for example, your heating bill will probably go up in the winter).
Identifying Problems
Cashflow planning enables you to identify any problems which may lay ahead so that you can plan how to deal with them in advance.
It also helps you to quantify any shortfall in cash requirements so that you can ensure that any solution you wish to implement will fill the gap and enable you to continue to trade.
It can also help to plan for investment and business growth.
Additional Funding
Should you require additional funding, we can advise you on how to approach existing /or new funders appropriately and help you understand which options may be right for you.