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Take a look at our business health checklist

Restructuring and Insolvency
Funding
2
February
2023
at

The impact of the current economic climate is undeniable and putting further strain on what has been an unprecedented and challenging time for all SMEs.

The key advice that were offering all business owners is to plan. Remember that youre not alone there are lots of people out there, like the turnaround and recovery specialists at Leonard Curtis, who can help.

Take a look at our business health checklist and get in touch if youd like to talk.

  1. Is your business viable? If not, can it be made so? If the answer is yes, and hopefully it is, then you have something worth trying to save.
  2. Do you have the appetite to fight? The entrepreneurial spirit always finds a way to succeed.
  3. How much time do we have? Are you struggling to pay this weekes wages or forecasting a cashflow problem next quarter? Act quickly. The sooner you seek help, the more options will be available and the greater your chances of finding a positive outcome.
  4. Do you have a forecast? If not, build one and challenge it. Know your numbers.
  5. Are there any savings to be made from your P&L account? Use a really critical eye, focusing on the biggest cost lines, to see where savings could be made.
  6. Are you able to diversify? Work smarter, not harder.
  7. Are you aware of the many finance options available? From invoice and asset finance to CBILs and BBLs there are various solutions.
  8. Are you keeping lenders and creditors on side? Communication is key.

However complex your situation, our advice is always simple and non-judgemental and our approach hands on and practical.  If you think we could help you and your business call us on 0330 0243 999 or email info@leonardcurtis.co.uk.

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