Most debt grows gradually; perhaps because your business is not doing so well in the economic downturn. But occasionally debt can suddenly become a problem; perhaps you have suffered some calamitous event. Whatever the reason, professional help is available.
For many businesses, debt management is a fact of life. Investment in plant, machinery, buildings and people often lead to debt that has to be managed. When the debt burden becomes too great, the business may fail. We can help prevent our clients getting into this situation, by providing sound advice on financing projects and reviewing costs of every aspect of the business.
If it is too late for that and if the debt burden is more than the business can sustain, we can put you in touch with a professional debt advisor, who we have worked with. Call your accountant at RiverView Portfolio and they can advise on whether we can help you manage the debt yourself, or if need external professional support perhaps with a more formal debt plan, an Independent Voluntary Arrangement (IVA) or even bankruptcy.