“I need someone that I can trust to help me save my business”
K2 provides Rescue Services to Help your Business Survive and Grow
When you are under pressure it is a lonely and sometimes confusing place to be.
An initial phone call, free of charge, allows you to talk through your problems for half an hour on a no commitment basis. We will listen to your issues and respond with proposals for our experienced and qualified team to help you decide what services you might require to best achieve your objectives.
Depending on your circumstances we may recommend more than one of our expert advisers.
We Can help with:-
Improving cash flow
- Emergency Cash Review – identify cash position, immediate needs and quick-win sources
- Cash Flow – help with cash management procedures to improve your cash flow
- Debt Collection & Credit Control – help collect in cash and manage credit
- Refinancing - help identify sources and negotiate terms
HMRC, bank & creditors
- HMRC Enforcement & Insolvency – deal with distress & Winding Up Petitions
- HMRC Debt Management – deal with arrears and set up Time to Pay arrangements
- Bank demands & defaults – renegotiate facilities and organise re-banking
- Creditors – deal with aggressive creditors who are pursuing you for payment
- Litigation management – deal with Winding Up Petitions and County Court Action
Finance & funding
- Turnaround finance
- Book debt finance
- Asset based lending
- Bank loans
- Equity investment
Developing a survival plan
- Options Review - to help you identify different ways of saving your business and choose the best one for you
- Survival Plan – develop a plan based on your preferred option for saving your business
- Restructuring Plan – drafting proposals for banks, HMRC, new investors and other key creditors
- Forecasting – to help develop and produce a detailed forecast and for banks and creditors to show profitability and improved cash flow to support restructuring proposals
- CVAs – drafting Company Voluntary Arrangement (CVA) proposals
Getting support for the plan
- Banks & Finance Companies – to explain proposals
- HMRC – deal with Collections, Enforcement & Insolvency and Revenue Bailiffs
- Suppliers and Creditors – meet key suppliers whose ongoing support is needed for survival
- CVA – dealing with insolvency practitioner, HMRC and creditors
- Phoenix – dealing with secured creditors, valuers, liquidators and pre-pack administrators
Implementing the plan
- Hands-on support – helping you carry out actions to implement the plan
- Increase Sales – initiatives to generate more leads and close more sales to achieve growth
- Systems & Procedures – help establish the foundations for sustaining future growth
- Cost Reduction – identify and implement cost saving initiatives
- Redundancies – helping with employee consultation and termination process to achieve cost reduction improve minimise cash flow and tribunal claims
- Terminating Leases & Contracts – helping manage terminations to minimise cash outflow and cost of closing factories and terminating contracts
- Litigation Support – to help deal with creditors chasing debts via litigation
- Enforcement Support – to help deal with Bailiffs and Sheriffs
Personal asset protection
- Personal Guarantees – helping you avoid them being called and dealing with them when they are
- Shares & Control – helping you retain control of your business
- Personal Loans – helping you avoid exposure of personal loans and improving your security for further investments
Our process identifies which services are necessary to help your business survive with you in control and also it also lays the foundations for you to achieve future growth.
Want to know more? Take a look at our K2 Rescue Process page and then give us a CALL 0844 8040 540
