Obviously the business is your financial lifeline and it may be that an element of restructuring or refinancing is required.
What and how you restructure depends on many factors such as;
- The existing trading style of the business.
- What the problems are.
- Can they be resolved in a cost effective manner?
- Can you afford to restructure if it means paying off loans or business partners who are dragging you down?
- Can you afford to refinance and WILL it really produce the results you need?
Sometimes a change in the trading style and entity of the business can be the answer to the problems. For example, if you have a relatively small turnover do you really need to be a Limited Company?
Every business is different and it would be impossible to explore every possibility here.
We will be happy to meet with you to discuss your options in complete confidence and with no obligation.
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