Copyright Hollis Forshaw Limited © 2011 All rights reserved. Registered in England and Wales - Company Registration Number 07801019 - VAT Registration No.122 0285 63
Hollis Forshaw
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Helping people in Business,
to MAXIMISE the Bottom Line.
Debt Relief - Methodology
We meet at your offices for an initial discussion, at no cost to you, and at a time to suit you - this can be ’out of hours’ if required. We discuss your situation, and gather the information we need, to enable us to contact creditors without delay, and get the process started without delay.
We make contact with the creditor (or creditors, to bring about the desired result in line with the inherent urgency The entire process can often be completed within a matter of days. More complicated case may take longer, depending on the specific circumstances.
We then monitor the result / outcome, and ensure that the agreement made between the parties is carried out to the letter, to ensure a satisfactory outcome.
Methodology
A Typical Scenario......
A long established 4-colour printing company finds that it turnover has reduced by 20% over the past year, whilst the business has not contracted its staffing or cost-base to match the decline in business; in fact, it has increased these resources in anticipation of the winning of a major 5 year contract, which would boost its turnover by 40%.
However, a decline in turnover, and an increase in costs has lead to a serious cash flow problem, and the pressure from creditors is mounting up. Apart from daily phone calls from a number of smaller suppliers, its main paper supplier has threatened to suspend deliveries, pending payment of the outstanding debt of over £ 300,000.
With the large contract only a few weeks away, the timing couldn’t be worse, and it seems so unfair that the company is facing the real prospect of collapse, in spite of the good times which are within its reach.
What is needed here, is an expert Third Party to come in and review the situation, and to negotiate with the various parties in ways which will enable the company to effectively minimise the impact of this critical cash flow problem.
By negotiating reductions on non-vital liabilities, re-structuring others where possible and agreeing a time to pay agreement with the paper supplier, the company gets over its immediate difficulties, and is well placed to take on the new contract with the knowledge that its financial problems are now in the past.