When any company is in financial difficulties, it’s vital that advice is sought at the earliest possible stage. The earlier that we’re brought in, the greater the prospect of finding a solution that will enable the business to survive; rescuing the business is always our first objective. We start by ensuring that we understand the reasons for the difficulties and seeking to address them.
Personal Debt Plans: Increasing numbers of individuals are finding themselves in financial difficulties, usually caused by circumstances outside their control and through no fault of their own.
Whether you have incurred personal debts through your business activities, or if you’re struggling with credit cards, store cards and personal loans, we can help.
Credit managers very often adopt a negative approach when faced with the failure of a customer. It’s true that, when insolvency hits, debts are rarely paid in full. Dividends in liquidations and bankruptcies are notoriously low, with unsecured creditors at the back of a queue that may be very long.
Undoubtedly there will be times when you have customers giving you cause for concern. You will need to review your options and make sure that you’re best placed to protect your position, whether it’s guiding the customer through a temporary cash flow problem, a refinancing exercise or asserting your security.
We recognise that your knowledge of your client, perhaps accumulated over a long period of time, surpasses anything that we can gain in a much shorter time. Our aim is to work with you, ensuring that your client remains your client for the future. We want to develop a long-term relationship with you, one that is beneficial to us both.
Expertise, Commitment, Value