I can't pay all of my company debts
You may identify with one or all of these:
• I have cash flow crisis
• I’m struggling to pay creditors
• I can’t pay business rates or rent
Professional Services
Charities play a major role in a broad range of industries, ranging from the arts and entertainment, education and training, healthcare and social care to a host of community activities of all types. According to the UK Civil Society Almanac 2020, the voluntary sector contributed £18.2bn to the UK economy in 2017/18.
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Professional Services
Charities have been hit hard by the pandemic. In some cases, income has been decimated with reductions in donations, grants and the all-important gala dinner. In addition, the operational side of the business has been hit hard with many staff put on furlough or being made redundant.
Certain types of charities have been hit the most. The arts in particular have been badly hit as there are currently no live performances, and as social distancing restrictions are lifted, there are likely to be continued restrictions on capacity in venues and for functions.
However, it is important to bear in mind that many charities are also corporate entities that are monitored by the charity commission and have reporting requirements and legal responsibilities. The trustees (and the CEO) may well be directors and therefore have legal duties if they have any doubt as to the solvency of the entity.
My company owes money to HMRC
You may identify with one or all of these:
• I can’t pay what I owe to HMRC
• I have a Winding Up Petition
• I am subject to a CGA
I am facing a number of challenges
You may identify with one or all of these:
• I’ve lost a large customer
• I have suffered a bad debt
• I have lost key employees
I am facing a number of challenges
You may identify with one or all of these:
• I’ve lost a large customer
• I have suffered a bad debt
• I have lost key employees
I am facing a number of challenges
You may identify with one or all of these:
• I’ve lost a large customer
• I have suffered a bad debt
• I have lost key employees
I am facing a number of challenges
You may identify with one or all of these:
• I’ve lost a large customer
• I have suffered a bad debt
• I have lost key employees
What our Clients Think
Restructuring guidance with a clear client understanding
“Our firm has worked with Opus for many years and with one of the partners in particular, Jo Rolls. I have attended a number of meetings with Jo when our clients have needed guidance on restructuring their business at a time when they have been facing financial challenges. Jo has always demonstrated a clear understanding of the clients’ needs from the outset. Her attention to details and diligent advice have proved invaluable to the business at a time when the directors needed it most. I would have no hesitation in recommending Opus to anyone wishing to use their services”
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Due to greater than expected groundwork costs the developer had run out of working capital. The units were structurally complete but required internal finishing. The primary lender was faced with little option than enforcement action.
Let's Talk
Whether you are looking to grow your business or are facing a business challenge, it always helps to speak to people who can assist you as early as possible. We have a number of experienced teams who can work together and with you, to achieve the best outcomes for you and your business.
For a non-obligatory chat, complete the form opposite, including the best time for us to call you and a Partner will be in touch.
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