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A small engineering company with a turnover of approximately £360,000 factoring its debt called us in because they had reached their overdraft limit and did not know if they could continue to trade. We put in place various basic but essential procedures for them to follow every day and within a short time they were out of trouble and expanded the business. We negotiated with HM Revenue & Customs to allow for a planned discharge of the liability.
A software developer with a turnover of approximately £500,000 pounds was struggling with its cash flow and constantly running out of money at critical times to pay salaries and tax. We changed the way it managed its income and paid its suppliers and this removed almost entirely the stress on the business and gave confidence back to suppliers and staff. We also negotiated with HM Revenue & Customs to deal with the Winding up Petition.
A company in the motor trade with a turnover of approximately £800,000 was facing bankruptcy because its credit control and financial daily financial management procedures were not working. We completely changed the emphasis on what was important and had to be done on a daily basis within the financial management aspect of the business and the company was saved and almost doubled its turnover. We helped the company discharge its obligation to HM Revenue & Customs.