Take Advice Early

If I could give small business directors one piece of advice, it would be to take advice early!

If we were to wake up every morning feeling unwell, most of us would visit our GP to diagnose the problem and find a cure wouldn't we? Yet so many business owners do the exact opposite!

Creditor pressure is building up, clients aren't paying on time or at all, the bank overdraft is up to the limit each month, the taxman is writing letters asking why the PAYE is 2 months in arrears and the VAT is now due and then the 7 day warning letter lands on the mat. Sound familiar? This is usually the moment when a director decides to seek advice and KSA Group have provided many solutions for companies in this exact situation, but why wait this long when the indicators were there months before?

Terminal insolvency procedures such as compulsory liquidation and creditors voluntary liquidation are often the result of ignoring the symptoms mentioned above. We at KSA Group provide all of our clients with tools to monitor cashflow. If a company voluntary arrangement is to be proposed for a business, knowing the cash position of the company is vital and also required by the proposal if a company is going to be rescued.

If a business is struggling but still viable and advice is taken early, a CVA can be used to write off up to 70% of the unsecured creditor debt and restructure the rest over a period of up to 5 years and is a very powerful and discreet rescue procedure.

We at KSA Group provide FREE INITIAL ADVICE to businesses experiencing financial difficulties so why not call 0800 9700 539 OR VISIT WWW.COMPANYRESCUE.CO.UK And find a solution to your company's problems