Bank no longer supportive? Accountants suggesting insolvency? Your worst nightmare?
It may seem that you've reached the end of your resources, but often formal insolvency can be avoided. Don't believe all you are told by a predatory bank! There are often credible alternatives even for those who think the end is nigh!
SME cashflow problems are usually caused by unexpected, outside influences and usually lead to a rapidly deteriorating relationship with the bank - always keen to lend in the good times, less so when trouble occurs - followed by a loss of confidence in the market and orders dry up.
A rapid assessment of the circumstances by an independent third party followed by ACTION to stabilise the position and create a rescue plan can often dramatically change the situation and avoid the need for formal insolvency.
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About Me
- Mercantile Group
- Andrew Hawkins: I'm the Managing Director of The Mercantile Group. We help businesses with strong plans to get the right advice and funding to expand or achieve other major change including rescue strategies if things get tough. Our aim is to help make businesses stonger, more stable and more profitable.
