Business Advisory Services for Struggling Businesses
What are the warning signs of business failure? How can Insolvency Practitioners help turn a struggling business around?
Are you worried that your business is failing? Have you noticed early warning signs of financial distress such as poor cash flow and mounting debts? If so, it is essential to seek professional advice quickly to help you turn your business around and avoid insolvency.
As Insolvency Practitioners, our first aim is to help struggling businesses survive their financial difficulties and avoid insolvency. Struggling businesses might be in what we call the underperformance phase (often characterised by a lower than expected bank balance, surprising use of an overdraft facility or lower profit margins), or, perhaps in the distress phase, where the warning signs, as detailed below are evident. If action isn’t taken at this point, distress can quickly lead to crisis, whereupon the most likely outcome is insolvency and, if recovery procedures, such as Administration or a Company Voluntary Arrangement are not appropriate, then liquidation is the likely outcome.
The Early Warning Signs of Business Failure
If you are experiencing any of the following warning signs – and they can creep up on a business quickly – it’s time to take action:
- Poor cash flow
- High interest payments on loans
- Overdue payments or non-payments from customers
- Increasing debts
- Declining sales and profits
- Inability to pay bills or meet payroll
- Falling margins
At Antony Batty & Company, we can help you identify the root cause of your financial difficulties and develop a customised plan to turn your business around.
Turnaround Business Services
Our experienced team of Insolvency Practitioners and Business Turnaround specialists will work closely with you to:
- Conduct a thorough analysis of your financial statements and cash flow
- Develop a realistic financial forecast
- Recommend (and help you implement, if required) a plan to improve your cash flow and reduce costs
- Help you to negotiate with creditors to reduce your debts and improve your financial position
Cash flow problems are one of the biggest challenges facing struggling businesses. Our team can help you manage your cash flow by:
Cash Flow Management
- Recommending invoice factoring to improve your cash flow
- Negotiating payment terms with suppliers and customers
- Developing a cash flow forecast and budget to help you plan for the future
Debt Consolidation and Debts
If you’re struggling with mounting debts, we can help you consolidate your debts and negotiate with creditors to reduce your payments. Our team can also provide advice on debt management and help you develop a plan to reduce your debts over time.
Closing a Business and Insolvency
If your business is no longer viable, we can help you close your business in an orderly and legal manner. We can also provide advice on the insolvency process and help you minimize your losses.
Contact Us if your business is struggling
We can assist most struggling businesses who are at the underperformance or early distress stage to help turn their fortunes around. The sooner difficulties are recognised and appropriate assistance is sought, the greater the chance of recovery.
If you’re struggling with financial difficulties and need help turning your business around, contact Antony Batty & Company today. Our team of experienced financial advisors is here to help.
Free Initial Consultation
We offer a FREE initial consultation without obligation and all enquiries are confidential. ABc offers big firm expertise at sensible prices that is appointment taker lead. We fully support the proposition “Always use fully qualified and regulated Licensed Insolvency Practitioners.”
If your business, or a business that is a client of yours, is facing financial difficulties, please contact our insolvency practitioners or call us at any of our offices:
Also K&W Recovery, trading as Antony Batty and Company, Thames Valley: