Fanshawe-Lofts
You must take action immediately
Before the situation gets out of your control
You are running out of cash
There are two main causes of a shortage of cash in business. Either the money is or should be there but it is slow to come in - typically because of disputes with, or just late payment by customers. Or, more worryingly, the business is spending more than it generates and is running out of funds.
In either scenario, a conversation with Fanshawe Lofts will be useful.
If cash flow is a constant issue, you may well need to plan and apply different strategies for invoicing and recovering what is yours. Smooth, well planned cash flow is vital to effective business life - and something that prospective purchasers will look for should you come to sell the business.
And if the business simply does not have enough cash to cover its liabilities you must take action immediately, rather than letting the situation get out of your control.