Cash flow problems do not necessarily mean a business is insolvent, but if not dealt with, the situation can deteriorate quite quickly towards insolvency and become a real threat to the viability of a business. If a business is unable to pay its own creditors, due to a cash flow problem, the situation can quickly be made worse with supplies and credit being withdrawn and even the threat of recovery proceedings.
Creditors do not simply include suppliers. Also included are HMRC, Banks, Funders and other Finance Providers and Landlords. We have dedicated a whole section to this issue of demands for payment from creditors and the services supplied by Poppleton and Appleby, which you can reach by clicking here.
If your business is experiencing cash flow problems due to demands from your creditors for payment, contact us or call us on 0333 222 8065 for help and advice.