Company Cash Flow Problems
It’s how the company cash flow problems are dealt with that determines the survival and prosperity of the business.
Cost cutting is one important consideration. If we are talking a about a dramatic, drop off a cliff, company cash flow problem, then cost cutting won’t cut the mustard, unless the are substantial assets that can be sold off in a jiffy.
If there is, then don’t get all emotional about it – sell it! Sell the company mascot, get rid of the dolly bird, sell your season tickets, sell of that side bit of land that was your retirement nest egg and cancel that trip to Las Vegas.
If you are serious about saving your business then take serious action and fast.
Maybe you’ve already cut things to the bone. If you have then as long as you still have potential in the business, talk to TaxGone about a Company Voluntary Arrangement: 01302 815846.