Is your business struggling? This is part 1, of a 4 part series for signals to look out for which could indicate the health of your businesses. Look through this blog, print it off and tick the ones that apply
Reporting - warning signs
1. You have not filed the company’s accounts on time at Companies House and have incurred a penalty.
2. You have not filed the company’s annual return at Companies House
Bank Warning Signals
1. Your bank refuses to provide a Loan
2. Your bank has asked for facilities to be reduced
3. Your bank asks for increased security
4. Your bank wants security against your own personal property
5. our bank wants personal guarantees
6. Your bank wants to increase personal guarantees
7. Your bank wants to introduce investigating accountants
8. Your overdraft is always at the limit?
9. Your bank has returned cheques
10. Your bank always wants more information
11. Your bank refuses to provide a Loan
12. Your bank has refused to provide a small firms loan guarantee scheme loan (SFLGS)
If you get an uncomfortable feeling that these warning signs are familiar then call Rupen Shah on 07868809350 for a free and confidential chat.
