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Business failures can often be prevented if appropriate action is taken by a business owner at the correct time.
Common problems that may contribute to a business’s failure include an increase in bad debts, reduced demand and excessive borrowing.
If your business is showing signs of difficulty, you must seek expert advice. Timely support may help to save a business in financial trouble. It could also help you to pull the company away from liquidation or receivership.
At Harding + Associates LLP we can help you to identify the cause of your business’s problems, and can propose measures to help improve cashflow and profitability.
In specific cases, we may be able to assist in establishing a corporate or individual voluntary arrangement, which may help your business get back on the road to success.
Please contact us if you require help from our team of experts.
21 Sep 2020
HMRC data has revealed that UK businesses have voluntarily returned more than £215 million in overclaimed Coronavirus Job Retention Scheme (CJRS) payments.
Taking a look at the Job Retention Bonus.