Cash Flow Problems
Problems with your Bounce Back Loan or CBILS?
- Are you having problems repaying your loan, if so, take action before the bank does.
- Are you worried you haven’t used the loan for the right business purposes?
- Do you have concerns about the details on your original application?
The quickest way to find out exactly where you stand is to book a free and confidential consultation with one of our specialists.
We are Accountants and Business Advisors helping Directors with problems such as Bounce Back Loans
OUR SERVICE PROVIDES BETTER PROTECTION FOR DIRECTORS, HELPS TO MINIMISE YOUR PERSONAL LIABILITY, AND WHERE REQUIRED, GUIDES YOU THROUGH THE FULL INSOLVENCY PROCESS
CBILS and Bounce Back Loans – Things didn’t turn out as planned
CBILS and Bounce Back Loans were intended to help businesses through the difficulties caused by the Coronavirus Pandemic.
The problem is that many businesses haven’t bounced back and there are a number of obvious reasons for this, such as the significant rises in inflation, interest rates and energy costs experienced by the UK economy post pandemic.
Many businesses are now struggling with profitability and the burden of the increased debt they have taken on.
If you are experiencing cash flow problems, struggling or unable to make your loan payments, then you should take action before the bank does.
Take advantage of our free and confidential consultations to find out exactly where you stand and what your options are.
- Find out if you can restructure your loan
- Find out if your company is insolvent or not
- Find out how to best protect your personal interests
The earlier you get advice, the better your options
Find out exactly where you stand and what your options are
You may have a bigger problem
If your business is unable to pay its debts as they fall due, it may be insolvent.
If this is the case you must take professional advice to assess if your business is insolvent or not.
Find out exactly where you stand, how to avoid the risks of insolvency and ensure you get the advice you need on what’s ahead of you.
Insolvency changes the normal rules of operation
YOUR RESPONSIBILITIES AS A DIRECTOR CHANGE, AND YOU MUST BE AWARE OF THESE. CLICK THE LINK BELOW FOR MORE INFORMATION ON INSOLVENCY, INCLUDING OUR SMARTER INSOLVENCY SERVICE.
Worries with your Bounce Back Loan – Here’s what to do
Take action before the bank does
Banks are under increasing pressure to take strong action on issues with Bounce Back Loans. You need to find out where you stand and what your options are whilst you are still in control.
Avoid Compulsory Liquidation
This should be avoided at all costs as you immediately lose control of your company and your conduct will be subject to more scrutiny and robust investigation.
Take professional advice as soon as possible
You are expected to act reasonably as a Director in relation to the financial affairs of your business and seeking professional advice is the first step in this regard.
Book your free and confidential consultation and find out exactly where you stand and what your options are. You’ll be glad you did.