Recent content by MattSands

  1. M

    Imminent insolvency - what are my options?

    Had several chats with @Frank Wessely,. He came across very well and knowledgeable. Thank you Frank.
  2. M

    Imminent insolvency - what are my options?

    14,10. i'll need to work that out.
  3. M

    Imminent insolvency - what are my options?

    Some good advice, thank you. Ironically the people i could make redundant would be instrumental in a turnaround if it were possible.
  4. M

    Imminent insolvency - what are my options?

    we don't really have any creditors, couple of thousand maybe. Still owe VAT, will check how much. We are solvent today but it's getting close to the wire, ironically it's the redundancy payments for longstanding staff that will probably finish us off.
  5. M

    Imminent insolvency - what are my options?

    We dont owe any money. We still have money but it will be gone very soon
  6. M

    Imminent insolvency - what are my options?

    Business has been tough, not made a profit this year. A dozen (some longstanding) staff. £75k in the bank. April losses £25k! As I saw it my options were:- a) to close the door, sever client relationship, pay redundancies. b) Keep ploughing on to the bitter end hoping I can either turn it...
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