My Business Is Failing – How Can I Save It?
My Business Is Failing – How Can I Save It?Licensed Insolvency Practitioners With National Coverage
Sector: Professionals services, chartered surveyors in England
Business Plan: strong growth in the last 3 years and so doubled in size. However, there was a shortage of working capital driving increased borrowings. This was despite a full order book.
Problem: serious HMRC tax arrears, multiple loans from alternative finance lenders. Wanted to avoid formal insolvency process if at all possible.
Solution: RMT KSA led negotiations with 3 lenders and HMRC; prepared detailed financial forecasts and business plan with directors.
Result: Lenders agreed to 12-24 months loan term extensions. And a 30 month time to pay arrangement was approved by HMRC Debt Management for £475,000 of corporation tax, VAT, PAYE and NIC liabilities
If you have clients with a great future or with good balance sheets, but they are facing mounting pressure from HMRC, or other creditors get in touch. We work with all sizes of debts, in all sectors in the whole of the United Kingdom.
Contact 0800 9700539
Company Rescue is now part of RMT Accountants and Business Advisors
My Business Is Failing – How Can I Save It?
My Business Is Failing – How Can I Save It?