Member Article

Surviving Christmas with some financial Intensive Care

CHRISTMAS may be a time for celebration but for many businesses it can be the holiday that leads to financial meltdown.

But South Yorkshire insolvency practitioner Paul Moorhead says that the New Year doesn’t have to bring a commercial crisis.

And he says that some financial Intensive Care is most often the cure for even the worst business crisis.

“It is true that a number of small businesses will struggle through the holiday period, paying staff through the Christmas shutdown and also discovering that some businesses will use the Christmas period as an excuse not to pay outstanding bills,” said Paul, of leading Sheffield insolvency and recovery practice Graywoods.

“For a company already facing a crisis, though, that delay can be critical and with tax bills to be paid by the end of the month, it might seem that insolvency is the only possible action.”

Paul said, though, that there were steps that could be taken to ensure a business survives the New Year storm.

“The really nice thing about my job is that people come to me thinking they are at the end of the line whereas actually we have a range of options that we can utilise to help people to decide how best to deal with their business and financial problems,” he explained.

“At Graywoods we pride ourselves on helping businesses to survive and to turn around.

“It’s like Intensive Care for business and we will have the course of treatment to help most businesses to continue functioning healthily into the future.”

To find out more about the full range of services provided by Graywoods call 0114 285 9500.

This was posted in Bdaily's Members' News section by John Highfield .