Put your questions to our experts for their innovative solutions to cashflow issues...
Invoice peaking issues?
Difficulty servicing debts?
Debt collection benefits?
We all hear time and time again that cashflow is the lifeblood of business, and we all know it is true, but when a company hits cashflow problems, what services or products are available to help?
What is available to take away the time-wasting and energy-sapping telephone calls from creditors so that you can concentrate on sorting out the underlying business problem?
Traditionally, borrowing more money is one answer. However, that is difficult, unless you have significant assets to offer as security. Alternatively, you could end up in an insolvency procedure such as Administration and maybe go through a Prepack, but that is not always an attractive option.
The fact is that there is no single answer and it all very much depends on individual circumstances as to what is right in each situation and for you, and that is why we have formed Cashsolv™.
Cashsolv™ offers an innovative combination of being able to offer new funding through emergency loans and asset-based lending, as well as uniquely, being able to take pressure away by reorganising your existing debts with standard creditors and HMRC, all without a value-destroying insolvency procedure. In some cases it may even be advised to write off unaffordable debt with a CVA. We offer our exert advice to help you find the right route for your individual business circumstances.
“Having spent 15 years as a very busy insolvency practitioner, I often asked myself, if I were in my client’s situation what would I do?”
Carl D Faulds | Managing Director
Carl D Faulds is Managing Director of a group of companies that includes Cashsolv™. He is a Past President of the Insolvency Practitioners Association.
He has lectured and written articles for many organisations, including Recovery magazine published by the Association of Business Recovery Professionals, and First Voice published by the Federation of Small Businesses. He has acted as a panel member of a Dragons' Den-style competition organised by the Institute of Directors and provides expert financial commentary for BBC TV and Radio.