Solutions For Cashflow Problems in Cambridge & Peterborough

If your business in Cambridge or Peterborough is constantly struggling to pay the bills or you are in arrears with HMRC for VAT or PAYE, then it is likely that you have a cashflow problem.

There are many causes of a cashflow problem and many solutions. You may think that the answer is to put more cash into the business either from your own resources or by borrowing it. But this could mask the true problem.

We often see businesses that have injected cash into the business in an attempt to keep the business going. It may resolve the immediate issue but without more understanding of the problem, it is unlikely to be a long-term fix. Don’t think that you can just put the money in now and take it out later – that may cause you problems down the line.

The key to understanding how to solve cashflow problems is to identify what has caused the problem – is it a temporary situation or a more fundamental problem. Our solutions can help you with HMRC debt, VAT and PAYE arrears, and much more.

We can work with you to identify the cause and together form a plan to solve it.

Chris McKay, insolvency Practitioner in Cambridge

Chris McKay

Licensed Insolvency Practitioner in Cambridge & Peterborough

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Please get in touch. We don’t charge for an initial meeting and we are always happy to chat. Call me on 01223 803445, email or click the chat button

Here are some of the ways we can help your business to survive

All situations are unique but they share common themes. We use our knowledge and experience in dealing with other company’s problems to help solve yours, whether its bad debt, HMRC, VAT or PAYE arrears, we can help.

Understanding the ebbs and flows of cash on a daily, weekly and monthly basis is crucial to solving cashflow problem.  We can help you put inplace tools and procedures to monitor cashflow requirments

At an early stage in our assignment we will identify short term goals and the solutions needed to achieve them

Dealing with cashflow problems day to day and trying to turn the business around can be draining on your resources and you may not have the in house skills.  We can provide support and assistance – anything from a few hours a month to a few hours a day

We provide a sounding board and advice when the business is facing cashflow and insolvency risks.  If such advice is sought early enough then formal insolvency procedures could be avoided.  Taking professional advice is also a good defence for directors facing claims from a liquidator if the company does fall into liquidation

Yes, I need a consultation

Whilst we are always happy to have an initial chat free of charge, sometimes you want more than just general advice and need a more detailed review of your cashflow problem and the solutions available. If you are not sure of where your business is going and feel that you want a more in depth discussion then we offer up to a 2 hour meeting where we can go through in detail your company’s finances and identify with you areas for improvement and talk you through the options available to you. We charge a special discounted fixed fee of £250 plus VAT.

To book either a free 1 hour appointment or a more detailed 2 hour consultation use the button below or feel free to call me on 01223 803445, email or click the chat button.

Book an appointment now