Free Business Review

The Business Consultancy are offering a "free" commercial review of the finances / working capital and borrowing facilities. Please telephone 07880 705505 in order to discuss the offer.

UK banks, have been for some time, been undertaking due diligence exercises and business's are finding that the relationship between themselves and there bank has changed.

The bank's risk rating of customers has increased margins over base and resulted in requests for additional security from business owners / directors. Additional capital may be called for and in some cases the banks will want facilities reduced or even repaid.

If your are a limited company the banks are now giving debentures a nil valuation and fixed assets are viewed as having a fire sale value only. If you are a limited liability partnership then personal guarantees are likely to be required to support your bank borrowing.

Ensuring that management information is both understood by the business owner / directors and appropriate notes explaining financial performance are available to assist business owners to make decisions is always worthwhile to put you and your business in a far stronger position to look at their financial arrangements / facilities and foresee pressures on working capital through cash flow forecast before needing to see the bank or consider alternative funding options. 

You may have received a letter from your bank advising that your next review is due and in some cases the bank may have placed your business in special relations.

Having a review now will help you and your business. 

Please telephone 07880 705505 to discuss the offer.

Bryan Lock A.C.I.B.                                     August 2010

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