We have a long established track record of helping companies struggling with cash issues. Evidence over the past few months tells us that we should expect to see many more companies in this situation.
We have a significant number of investors who like the urgent/turnaround space and can add value to a team as well as investing capital. For lenders this can make all the difference; strengthening the balance sheet and enabling an account to be brought back to a safe trading position. For directors, new capital with or without added management skills is always welcomed when faced with cash pressures and market challenges.
Below is a very recent case study which demonstrates our commitment to helping businesses stay afloat and get back on their feet again.
Our client has been operating for 18 years on the South Coast in the construction sector. Providing groundwork to both developers and high net worth private clients, the founders bring nearly 60 years’ experience and have numerous long-standing customers.
Some years ago, the company suffered losses on a challenging contract. By mortgaging personal assets, the business was able to survive. However, the cost of servicing the loans along with continuing to operate in a competitive market put a further strain on cash.
The company approached Beer & Young for a quick solution.
Firstly, we instigated a CVA to relieve the immediate cash flow pressures. Secondly, we supported and advised the client while working with the supervisor and HMRC to help them through short term issues.
From here onwards, we continue to work closely with the client as they move out of these challenging situations. A CVA is a useful tool to avoid administration or liquidation but needs careful management if the company is to survive; our record of success is strong.
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