Recent content by WiseProcurement

  1. W

    Time to Pay over 15 months – is it possible with HMRC

    Hi Lisa, They won't just lend to anyone, the business would have to be in decent shape. The lender can see if they are just in a short term bind and will lend accordingly. You probably know what it's like, many businesses are very profitable on paper but have bugger all cash in the bank! It's...
  2. W

    Time to Pay over 15 months – is it possible with HMRC

    You should be ok for 24 months. Depending if the cash flow issues have affected your credit, you could always get a 24 month cash flow loan. There are specialist Tax loans available but it’s usually for Vat, Corporation Tax and Self Assessment, Vat loans are spread over three months, the other...
  3. W

    What is the role of seller finance in a business acquisition?

    A seller may want to sell quickly for a variety of reasons, ill health, just fed up, found a better opportunity, for whatever reason, he just wants out and quick. So if someone is willing to purchase it at a fair price and pay him in instalments from the ongoing profits of the company, why...
  4. W

    Potentially selling my business (please help)

    If you made £80k profit then the business should be worth at least double that, £20k/£30k is a joke. Get the Resolver involved!
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