Introduction

So many perfectly viable businesses fail because of fundamental issues with the way they are run. Turning a business around when it is close to insolvency can be done, but often requires decisive action.

Key Tips

Below are what are commonly referred to as ‘red flags’ when assessing whether your business is close to insolvency:

• Difficulties in paying PAYE, corporation tax or VAT bills;
• Experiencing regular cash flow problems;
• Constantly asking your bank for a higher overdraft limit or a bigger loan.

If you are experiencing any of the above, it does not necessarily mean that your business will eventually fail. However, you may need to seek expert advice to turn your business around.

Specialist Finance

Informed Funding largely covers types of finance and suppliers of finance that you may not have heard of. We do not cover high street banks which, by and large, are easy to find and have broadly similar offers – particularly when it comes to risk assessment. Therefore, have a look at the various categories of finance we offer here.

The information contained within this note represents just one set of views when it comes to a business struggling with commitments. No responsibility is accepted by Informed Funding for any losses or profits foregone by acting on or refraining from acting on any information contained within this note or any other information to which this refers. Before making any decisions concerning the financing of your business or enterprise, you should consult a professionally qualified accountant or other appropriate individual.

Key Sponsors

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