Periods of financial difficulty are nothing new for many businesses. Rising costs, fluctuating customer demand, increasing competition, seasonality and cash flow issues are just a few common problems that can cause firms to struggle.
If your limited company is struggling with unmanageable debts, cash flow problems or costs that are spiralling out of control, you need to identify and tackle the problem head-on. Burying your head in the sand and hoping the situation will resolve itself will typically lead to more stress, increasing pressure from your creditors and a narrowing of your options.