Every business person that has business cash flow problems will tell you that every company in the land is suffering from business cash flow problems. It’s not true – it just seems that way!
Business cash flow problems have been with us since trading began. The difference today is that credit has dried up at a time when the spread of business is at its peak. Getting rid of business cash flow problems should be easy if hard decisions are made and a combination of sharp cost cutting and harder selling is implemented.
If the burden is greater than the solutions, then a Company Voluntary Arrangement could resolve the business cash flow problems. As long as sales are still coming in then a restructure through a Cva would allow more time to be spent in selling rather than wasting precious time dealing with creditors.
Business cash flow problems can sink a company in a matter of months. Don’t wait to see what happens – you’re the director, start directing as that’s your job, otherwise you’ll be looking for a new job faster than you can imagine.