In these difficult trading conditions, it is imperative to be able to manage your stakeholders effectively. Changing cash flow requirements could lead to workforce restructuring initiatives and/or refinancing.
We can help you implement these changes with fast, proactive employment and banking advice. We can also help manage your relationship with your lender to ensure the ongoing success of your business.
Employment: How we can help?
We have significant experience and expertise in the following:
- redundancy and downsizing often in the context of such liabilities being combined with a Company Voluntary Arrangement of the business concerned; and
- TUPE regulations and ensuring that adequate consultation has been carried out so as to minimise risk.
The difficult conditions can also lead to increased employment related claims as aggrieved employees try their utmost to claw back compensation from the Employment Tribunal. Our Mi Shield service allows us to provide cost effective and full service support in these circumstances.
Banking: How we can help?
We can advise what information the bank needs to know from you and when.
We can help you improve your relationship with your bank, or we can consider the opportunity for a re-finance exercise and carry out the legal work to lead you through the process.
Practical advice for your banking facilities
- Do your facilities currently match with the needs of your company?
- What steps can you take if things do not go according to plan?
- What should you do if the bank returns a cheque unpaid?
- What steps should you take if the bank requests additional Security?
- What happens if the bank calls up or threatens to call up your personal guarantee?
We can review your banking facilities and the security items held by your bank - in particular to advise on the occurrence of breaches of banking covenants and we can review the Bank's security documents.
Supporting the viability of your banking propositions
We work with trusted partners to assist with Business Planning. They can help to:
- review your company records and identify which Financial Information is likely to be required to accompany your Business Plan; and
- present your best business case to your current lender (if seeking new facilities or a renewal of working capital facilities) or to any proposed incoming lender or lending syndicate.
We can seek feedback and interpret exactly what your bank is saying to you.
Sourcing finance for your company
- we will discuss what cash requirements does your business really need;
- we will consider your financial proposition to proposed new lenders or lending syndicates compared to the available security;
- we are able to negotiate with your bank to try and obtain increased funding on behalf of your company - particularly in distressed situations; and
- we can help if things do not go according to plan.
Introductions to potential new lenders or lending syndicates
We can identify the appropriate funding package for the needs of your company.
Sometimes a funding package is outside the normal lending facilities provided by major clearing banks, and may include an introduction to any of the following:
- asset finance;
- factoring or invoice discounting;
- business angels;
- venture capital or business turnaround finance; and
- specialised mortgage funding.
We can introduce you to specialist providers in a variety of situations, including:
- mergers and acquisitions;
- management Buy Outs; and
- management Buy Ins.