Case study
Winter of discontent for rural businesses?
Siann Huntley is a specialist in advising rural businesses in distress.
Farming requires a lot of hard work, all year round but winter can be particularly tough. The sector has been buoyant over recent years but there are a number of challenges which mean the outlook is uncertain.
Fuel, labour and raw material costs are already high but are expected to increase further over the winter. Finding the cash to meet these costs is key but the problem is that BPS payments are declining as the scheme phases out and are likely to be worth less in real terms with rising inflation.
Many farmers rely on these payments at this time of year to pay off supplier accounts and overheads. If this vital component of cashflow is reduced they may find themselves short of cash unable to meet their financial commitments and under pressure from creditors.
The expert team at Leonard Curtis work with rural businesses in exactly this situation.
Weve helped businesses under threat of winding up from HMRC to secure time to pay arrangements thereby easing cashflow pressure, removing a worry and enabling them to live to fight another day.
Weve also assisted businesses where the relationship with their bank has broken down. By acting as conduit between management and the funder weve been able to stabilise the situation and agree a way forward either with continued support or with a new bank.
In terms of more general finance raising, we can help business owners access additional funding be that for investment in automation or diversification or to bridge a funding gap.
Sadly, sometimes a business cant survive and insolvency is inevitable in such cases we always provide simple and straightforward advice on the options available to make sure you retain control and find the best outcome.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.