If we have financial problems, how can
we pay your fees?
We are highly skilled in this particular sector,
and if we cannot add value we do not deserve to be paid. Let us worry
about this. We will never charge a fee unless you agree to it in advance.
How can you help when we and our accountants
are doing everything we can?
What might seem like an insurmountable obstacle
to you is an everyday issue to us that we handle many times during
the year. We are experts in our field. We are here to help you.
Finance seems to be all promises. Where
do we start if the Bank says 'No'?
Try to find someone who knows what they are talking
about. This is not quite as easy as it sounds. They must identify
what type of finance is realistically possible and achievable in your
cash flow time scale, and whether or not it will still be right for
the business in 12 months' time.
We can help with Factoring or Confidential Invoice Discounting, Stock
or Asset Purchase. We can put a facility in place, typically within
7 working days, but more importantly we can do this with a Finance
House that is right for your type of business. This is a vital but
rarely thought of factor.
We can help you to replace your existing Bank, particularly where
the Bank is over secured but does not wish to increase its facility.
We have specialist finance houses that will know and understand your
business and can lend to a much higher value. We also have access
to private funding if that is appropriate.
What should we do if our Bank wishes an
independent firm of accountants to come in?
Be very cautious and take advice before agreeing
to this. We do not have the space here to develop this subject with
the seriousness it deserves. But it is expensive, and does not always
bring benefits. If the bank requests you to allow independent accountants
in to your business, it may pay you to bring us into the negotiations
as soon as possible.
Our Company does have cash flow difficulties,
but we have a buyer showing serious interest. What should we do?
Again, be very cautious and take advice from specialists
in this area. Unfortunately what happens in the vast majority of cases
is the following.
The prospective purchaser has been hovering for some time. They put
the Company at ease and everything looks positive. Negotiations take
longer than expected. Corporate advisers are appointed to do final
Due Diligence. They speak to the Bank and some of the Company's creditors.
The purchasers feel, as a result of this, that the circumstances have
changed. The end result is that the purchase price is dramatically
different from that envisaged or in the worst case the purchase is
made from bank appointed Receivers.
Concluding a potentially difficult sale of your Company is probably
an area that neither you nor your accountants specialise in. Speak
to someone who does, they can turn a potential disaster into success.
