Given the current economic climate it’s no wonder that more and more companies are sliding into debt and having to deal with the consequences of what this means for the organisation. Not only is trading slow, but banks are still reluctant to lend to small businesses. A double whammy that is hitting businesses extremely hard.
Winding up petitions are increasingly being used to force the issue of repayment of business debt. These petitions can have far reaching consequences for any business. Consequences not all business owners are aware of. The most serious of which is company bank accounts and assets being frozen. Which is crippling as any business can’t continue to function in this situation.
Any organisation labouring under business debts that is sliding towards this position needs the help of a company that can provide business debt services. A company like Cooper Matthew Ltd. They are business debt services experts, so are well versed in helping companies out of this perilous situation. First things first they can get the hearing date adjourned for any winding up order, which buys vital breathing space. This gives companies time to consider a CVA, which Cooper Matthew provide free of charge, unlike most of their competitors.
Any business needing a lifeline during these difficult times should consider their services, but especially those facing action from HMRC. Cooper Matthew specialise in this area and can help buy time and formulate plans to manage debt and keep any organisation trading during this crisis period.
A company that tries to standalone and find a way out without expert help most likely won’t make it. A company that enlists the services of Cooper Matthew Ltd has a much better chance of pulling through and getting their business finances back on track. They are a powerful ally to have in times of debt crisis.