Crown Arrears Reconstruction

Are you under creditor pressure?

Many early warning signs of financial distress will be the same whether you are concerned with your business or that of a customer.

The following may include typical signs of a business facing impending difficulty:

• Escalating VAT & PAYE arrears
• Overdraft is always at its limit
• Struggling to pay wages
• Deteriorating credit rating
• Extending aged debtor balances
• Declining sales order book
• Increasingly making payment by post-dated cheques
• Increasing work in progress that is not billed on time
• Receiving an increasing number of final demands and writs from suppliers
• High staff and management turnover
• Increasing customer quality complaints
• Late filed audited accounts

We are hands-on - we will talk to your suppliers and review trading terms and conditions.

We will negotiate repayment plans with the Crown departments, utilities, banks and other financiers.

When company issues begin to emerge, relationships with customers and suppliers often suffer, reducing the overall efficiency of a business and hindering the recovery process. Important management time is diverted away from running the business to crisis management.

Our thorough diagnosis of a company's condition reassures creditors that they are fully and accurately informed - and also that the situation is being professionally managed.

Our reputation for integrity is reflected in our role as a co-ordinator of the DTI-backed Company Rescue Scheme, an initiative which gives a financial breathing space for companies with short-term cashflow difficulties but long-term viability.

In its first 3 years the scheme, operated by our specialists, saved many struggling businesses from formal insolvency, safeguarding thousands of jobs across a broad range of sectors.

An early vital step is to relieve this pressure, creating the time and space in which to implement a turnaround programme.