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Archive for February, 2011

Could you benefit from a Company Voluntary Arrangement?

Monday, February 28th, 2011

If you are experiencing business debt that is getting out of control, there are a number of options open to you.

One of these is putting in place a Company Voluntary Arrangement. This is a legal agreement between your firm and its creditors concerning the amount of money you will pay back and when the payments will be made.

This type of solution can be the perfect way of getting to grips with your enterprise’s financial problems and avoiding corporate insolvency.

Of course, your organisation must fulfil a number of criteria in order to be eligible for such a solution. This is where it can pay off to come to a firm such as us here at Cooper Matthews. Thanks to our experience in the field, we are able to advise you concerning what the best options for you are.

You might want to consider a Company Voluntary Arrangement if you believe that your firm has a viable future but is simply suffering from temporary cash flow problems.

From the point of view of those who have lent you money, such solutions can be preferable to you going bankrupt, as they will get more money this way.

So, in certain cases, this type of agreement is beneficial to both the companies involved and their creditors.

If you do enter into such a legal bond, you will agree to repay a fixed amount that is lower than your actual outstanding debt. Repayments are calculated on a monthly basis and are designed to be affordable.

Often, around 45 per cent of debt may be written off during the course of such an agreement.

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Don’t bury your head in the sand about business debt

Sunday, February 27th, 2011

If you run a firm and are currently racking up more and more business debt, you should ensure you do not simply bury your head in the sand.

While this strategy may seem attractive because it means you do not initially have to face up to the problems you are amassing, in the long term it will lead to greater heartache.

After all, your financial difficulties will not disappear unless you take action to resolve them and the more time that elapses before you get a grip on the situation, the worse your predicament will be.

Indeed, while you are running away from your issues, you are likely to suffer considerable stress. Perhaps you will lose out on much needed sleep, or start taking out your fears on your family and other people who are close to you.

In contrast, if you make the decision to address the business debt, you will be able to regain greater control over the destiny of both you and your enterprise.

Here at Cooper Matthews, we can help you deal with your company debt problems in the best way possible. Thanks to our experience in the field, we will be able to determine the most appropriate course of action for you.

Whether this involves agreements to help you pay back the money you owe while still remaining in operation, for example by entering into a Company Voluntary Arrangement or liquidation, you can be sure it will be the best strategy.

Failing to face up to your money troubles really isn’t the way forward. To find out more about how we can help, browse our website.

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If you are in business debt, you are not alone

Thursday, February 24th, 2011

Running a company is never easy. There are so many things to take into consideration. Not only do you have to concentrate on providing excellent products or services, but you must also bear in mind employment laws, taxation issues, and marketing and financial planning, among other things.

And the economic situation at present is not making entrepreneurship any easier. Indeed, the aftermath of the recession is still being felt across many sectors, and the government’s austerity package, designed to reduce the fiscal deficit, is also having a dampening effect on spending.

Not only this, but the VAT rise last month has put additional strain on enterprises across the country, as consumers are even more reticent about making purchases.

Meanwhile, banks and other lenders have not yet begun extending credit as freely as they did prior to the credit crunch.

So, if you find you are experiencing business debt, don’t panic. You are by no means alone. Many organisations are finding they have a company cash flow problem. The important thing is not to let your pride get in the way.

By seeking advice for your business financial problems, you are much more likely to be able to remain in operation. Of course, in the worst cases this is not possible. But by using experts such as us here at Cooper Matthews, you can rest assured that the best solution will be found.

And remember, there is nothing to be ashamed of if your company is in trouble. Like many other organisations, you may well simply be the victim of tough trading conditions.

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Business debt advice can help you reach the best solution

Monday, February 21st, 2011

If you run a firm, you will no doubt want it to do as well as possible. However, for a variety of reasons, companies do not always prosper.

Indeed, many organisations are near to collapse at present, thanks in large part to the tough trading conditions seen in the UK since the credit crunch.

One of the problems is that it may not just be your enterprise’s finances that are at risk, but also your own.

After all, it is likely that at some stage you have borrowed money against your own name in order to offset company cash flow problems. This is necessary in many organisations simply in order to keep things ticking over.

While this is fine when times are good and profits are being made, the situation can turn sour during less bountiful periods.

In such cases, you may struggle to repay the loans you have taken out and this puts you at personal financial risk.

If this applies to you, you should come to experts such as us here at Cooper Matthews. By using our business debt advice services, you can ensure you find the best possible way of dealing with creditors.

Our expert team can help talk you through the debt management options open to you and ensure you do not suffer any more hardship than is absolutely necessary.

So, don’t let business debt ruin your personal finances. Make sure you get the experts in to alleviate the difficulties. Doing so can make a huge difference to your prospects.

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Business debt can take over your life

Friday, February 18th, 2011

Running a company can be a virtually all-consuming endeavour. After all, to make an organisation a success, you need to devote considerable time and energy to it.

And when conditions are hard, the effort you have to put into the enterprise rises even further. Working extra hours and coming up with new ways to attract custom can leave you with precious little, if any, free time.

Not only this, but if you are having problems with business debt, it can have a hugely detrimental impact on every other aspect of your life.

While you may rely on your close friends and family for support, you can easily end up taking your concerns and fears out on them.

Suffering from a lack of sleep due to anxiety and constantly thinking about what will happen and how you can make your firm more successful inevitably take their toll.

This means that ultimately, as well as struggling with your company financial problems, you might alienate your partner, children and others.

To prevent business financial problems taking over your existence in this way, you should seek advice from experts such as us here at Cooper Matthews. We can help you devise a strategy for coping with your difficulties and this may mean you feel more in control of your circumstances.

In turn, this could help you relax more when you are not in the office and may reduce the risk of you falling out with your nearest and dearest.

After all, as important as business is, family surely must come first.

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Super selection of services

Tuesday, February 15th, 2011

Cooper Matthews have the best selection of business debt management services available online. Our highly trained team of experts can give advice on all aspects of debt management; from corporate insolvency to phoenixing. Phoenixing can even allow you to retain the profitable parts of a firm that is about to become insolvent so that you can launch a new firm without any need to seek permission or approval from debtors.

We can help to advise you on the best debt consolidation packages if you are a company director or sole trader who has accrued a considerable personal debt in order to plough cash into a struggling business. Furthermore, we can help you to guide your firm though the process of administration so it is protected from debtors whilst attempts are made to secure its ongoing existence.

At Cooper Matthews we see ourselves as protectors of small and medium scale businesses and we are proud of this ethos because we believe that this society was built on entrepreneurship and determination-qualities which are prerequisites of running your own company. We want to do all that we can in order to prevent any more small scale businesses going to the wall because of the irresponsible practices of financial institutions and governments who never have to pay the price for their avarice and mismanagement.

If your business is struggling and you need good advice from some of the best qualified people in the business, please take a look at our website today at Coopermathews.com

We are here to help you back on your feet and give you a fighting chance of survival and success.

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Worried about business debt?

Saturday, February 12th, 2011

If you are worried about business debt, business financial problems or any debt problems at all, then the best company to approach for advice is Cooper Matthews. We are acutely aware that in the current financial crisis more and more companies and individuals are feeling the pressure from individual or company debt. As job losses continue, self-employed people, company directors and sole traders can feel the associated pressures of running a struggling business are even more compounded as they have often invested time, money and may have even taken the responsibility for personal financing, which has allowed the firm to continue operating.

Cooper Matthews has advisers at the ready to find the best solutions to all of your company cash flow problems. As with most things in life, procrastination is never an option, and delaying taking action is not a wise move when it comes to debt as every second counts. The moment that you get in touch with our friendly experts, you are sure to feel a surge of relief wash over you, as you know that you are in the hands of professionals and that in most cases, things are not nearly as bad as you had presumed. You may well have several options to manage your debt and keep your company afloat.

We have helped countless companies over the years to develop strategies in times of crisis which have seen them turn their fate around and get straight back into the black, often with amazing results in terms of profitability. Often a company which has been almost written off is not only viable but profitable if given the correct type of restructuring and business debt advice.

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Premium personal debt advice

Wednesday, February 9th, 2011

Downturns in business are often most acutely felt by business directors, sole traders and self-employed individuals. Their business debt is often compounded by a personal aspect, as they have often personally secured financing loans to alleviate business cash flow problems and allow their endeavor to be launched successfully. For example, if you gave a bank or other financial institutional personal guarantee to repay debt on your business then you will most definitely be held personally responsible for that debt in the event that it cannot be repaid.

Similarly, if you took debt in your own name but invested it in keeping your firm afloat, then you are also liable. Self employed sole traders can also find themselves in hot water, as in most instances they are personally responsible for the debt which they accrue for their business in the event that it fails.

There are several options available for people in this situation, including debt consolidation loans, individual voluntary arrangements, debt management plans and even bankruptcy arrangements. At Cooper Matthews we know that a healthy work/life balance is often nigh on impossible for sole traders and company directors, due chiefly to the considerable personal pressures which they find themselves under as they strive to protect their business by accruing personal debt, and we are ready to help.

A vicious cycle often occurs as most sole traders rely on their company for wages, so therefore when the company is in debt, so too is the individual, making it impossible to match repayments. Cooper Matthews can help these individuals to avoid situations where their personal health is adversely affected by the strain of debt problems. The first step is to contact us today.

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Best for business debt

Sunday, February 6th, 2011

Cooper Matthews are the internet’s business debt experts. We have a wealth of experience in helping companies facing issues such as business debt management and director business debt.

Pre-Pack administration allows the directors of a company which has gone bankrupt to set up a new firm which can buy the existing assets of the insolvent company. This process of regeneration is sometimes called ‘phoenixing‘. During this process, the administrators can pack the assets of a firm and complete its sale before a meeting of creditors. The added advantage of this process is that it is unnecessary to gain debtors approval or involve them in the process.

We can also offer advice about company administration, whereby administrators secure the best deal possible and allow a company time to put its house in order before creditors move in. We can also offer advice about business refinancing when it is no longer possible to approach banks or building societies to secure finance.

For businesses in the manufacturing, engineering, print and construction sectors, asset refinancing can allow firms to refinance against the value of fixed assets such as machinery and plant. Another option for business refinancing is invoice refinancing, where a firm can borrow cash against outstanding invoices. Furthermore, trade financing may be secured for a firm which has secured a substantial order that it is no longer in a position to fulfil without securing additional cash-flow.

We can also advise on options such as a company voluntary arrangement, where a firm agrees, through fixed regular payments, to repay its creditors an amount which is actually lower than its outstanding debt.

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Debt Solutions

Thursday, February 3rd, 2011

At Cooper Matthews we specialise in helping medium sized firms, small operations and sole traders to turn company debt problems into debt solutions. Our business debt analysis service can help any firm with cash flow problems and absolutely any financing issues to return to an even keel.

In the current financial climate, it has never been more important to take care of company finances, and in a situation where a person is in self –employment or operates as a sole trader, there can be increased pressure as often these individuals have taken personal responsibility for securing financing for their operations.

Our superb selection of services includes areas such as business refinancing, phoenixing (pre-pack administration), company voluntary arrangements, and company liquidation and administration orders. As market conditions are currently very unfavourable, financial institutions are less willing to lend money to struggling companies, despite their own considerable role in the inception of the current crisis.

Cooper Matthews can offer sensible and practical advice, which in many cases in the past has helped struggling companies to stay afloat and weather financial difficulties, thereafter often returning to a healthy profit margin. Personal and company debt can be extremely stressful and at Cooper Matthews we want to help you to start to feel immediate relief by implementing the advice and guidance of our experts.

The longer you delay, the more likely you are to suffer from the stress that’s almost a guaranteed result of inactivity after your firm will be unable to continue trading. Take action for the future of your firm and for a brighter tomorrow today, at Coopermatthews.com.

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