Are your creditors approaching you for payments which you can’t afford to pay? Are you in debt? Perhaps you are the subject of a Winding Up Petition? Thousands of businesses struggle every month from creditor pressure. The most important thing is to be aware of your options and take action.
Cash flow issues can be cause for a variety of reasons such as the loss of a major client or a funding line being restricted. Whatever the reason, this cash flow issue makes it very difficult and sometimes impossible to pay creditors and suppliers on time.
There are many possible solutions to improving cash flow and managing outstanding debt. It may be that a Company Voluntary Arrangement presents the most sensible option for profitable firms. Perhaps minor restructuring is required, or in some cases liquidation and administration may a necessary route. This is where professional advice is required.
In our experience, the earlier you seek professional advice in overcoming creditor pressure, the smoother the recovery and better the outcome. If you are struggling from creditor pressure and have any kind of cash flow issues, fill in our call back form or call us now on 020 7538 2222.