Advice
Advice for Directors
When you started your company, nobody told you the joy of the ups and the frustration and loneliness of the downs. You are no doubt, by now, familiar with the roller coaster ride that is the life and times of a company Director.
You may be concerned about your responsibilities and potential liabilities. Who do you trust to give you honest advice that steers a path through the legislation pitfalls.
By now everyone else has probably been looking after themselves, perhaps your suppliers won't supply, HMRC may be threatening and your financiers want their money back. You may even have fallen out with your accountants because you haven't paid their bill.
We can't promise the World, but we can offer the benefit of our experience and knowledge to support you through the tough times and leave you free to move ahead.
Whatever support you may need it will be cost effective and tailored to you own requirements. Call or fill in the form and take the first step.
services
JFM | Partners can help you address you companies problems and help create a strategy to turn your business round. If you are serious about saving your business, contact us in complete confidence, now.
When you fell like letting go – remember why you held on in the first place
Some of the many benefits we can offer you are shown below:
Save Your Business - Write Off Debts
- Cash Flow Recovery
- Continue Trading
- Close / Sell Your Business
Stabilising your cash flow
Helping you to regain control over what’s coming in and what’s going out, we will ensure that you don’t simply run out of money – the most common cause of business failure.
Staving off your creditors
Bringing you the vital extra breathing space you need to get out of trouble, we can help negotiate with the bankers and creditors, giving them a credible and realistic management plan and rebuilding their trust.
Revitalising your business
We quickly find the causes of the problems in your business and the solutions to cure them. Creating the foundations for future success, we will help refocus your business around its viable core to build more sales, deliver better profits and give you a workable exit strategy.
Company Turnaround
If your company is struggling, it is sensible to consider alternative ways of resolving business financial problems
Clearly the first solution that business people consider is to secure additional funding either from investors or their bankers. Unfortunately in the current climate, it is becoming more and more difficult to borrow funds from these sources. This situation will be made even worse if a company is already struggling.
tax arrears?
JFM Partners through its group of specialists can find the right solution to your mounting or unexpected tax arrears.
Cash flow pressure on a business can lead to tax arrears building as payments for trade suppliers demand early attention. Solutions are available for both incorporated and unincorporated businesses.
Whatever your unique circumstances, we can offer commercial and professional advice.
It is easy to get behind with your VAT & TAX payments. Most businesses prioritise their trade creditors, as they deal with them on a regular basis and they are central to the smooth running of the business.
You need free advice from a company that deals with HMRC on a daily basis. We are able to negotiate with them and prove that the company is viable and should not be wound up. Where it is clear that all parties will benefit from the business continuing then a deal can be reached that will allow you to move
HMRC require payments much further down the line, so it is easy not to make provision for these payments. This is even more common in a recession when companies dip in to these funds to relieve cash flow problems.
Whilst the Inland Revenue may take some time to catch up with you, when they do the consequences can be very severe. If you have received a demand for payment or are worried about you tax payments then it is essential that you act quickly.
Call now in confidence and see how we can help.
special support
A well constructed business recovery plan allows a company to improve its cash flow situation and trade out of insolvency. This is clearly the ideal scenario and should be the focus of any initial consultation.
The directors may be able to create an internal action plan themselves if areas for improvement and cost savings are apparent. The new financial strategy should then be communicated to all the companies’ creditors so that they are kept in the picture.
This can often clear the air and give the company a new focus however it may be sensible and even cost effective to employ the services of a specialist Insolvency Practitioner.
There are important legal issues to be considered and areas (such as tax savings) that may not have been considered are often identified. The costs of an external recovery plan are usually offset by the additional costs savings that are made.
Contact us to learn more