Financial challenges facing retail businesses
Hospitality businesses can face particular financial pressures, including:
- Rising food and drink costs
- Increasing staffing and wage costs
- Rising energy and utility bills
- Increasing rent and business rates
- Seasonal fluctuations in income
- Falling or unpredictable customer demand
- Cash flow gaps
- Outstanding supplier invoices
- Difficulty keeping up with rent and other overheads
- HMRC arrears
- Increasing business debt
- Pressure from suppliers, landlords and other creditors
- Difficulty securing further funding
- Concerns about personal liability
- Uncertainty about whether the company can continue
If several of these issues are affecting your business, it can be difficult to know what to tackle first. Getting an independent view of your situation can help you understand where you stand and what steps you could consider.
How we help hospitality company directors
We provide free, confidential and independent guidance to limited company directors who are concerned about their business finances.
Depending on your circumstances, we can help you understand areas such as:
Cash flow problems
Understand what's causing pressure on your cash flow and where money may be getting tied up.
HMRC debt
Get guidance if your company is behind with VAT, PAYE, Corporation Tax or other HMRC payments.
Supplier and creditor pressure
Understand how outstanding supplier invoices, rent arrears and pressure from suppliers, landlords and other creditors may affect your business.
Business debt
Talk through the level and type of debt your company is dealing with, including supplier debts, finance and other business borrowing.
Funding difficulties
If you're struggling to access funding or need finance to manage cash flow, we can help you understand the situation.
Company closure
If continuing the business isn't realistic, understand the routes available for dealing with the company.
Restructuring
If the business may be able to continue, understand whether restructuring could be appropriate.
You don't need to make a decision before speaking to us.
More Ways To Get In Touch
What happens when you contact The Directors Helpline?
1. Tell us about your situation
Have a confidential conversation with one of our experienced advisors about what's happening in your business.
2. Understand where you stand
We'll help you understand the financial position you're dealing with and the issues that may need attention.
3. Understand your next steps
We'll explain what may be relevant to your circumstances so you can make a more informed decision about what to do next.
4. No obligation
Our initial guidance is free and confidential.
If You Need Urgent Help, Get In Touch With Us Today
Speak to Jonathan and the team today to discuss your business needs.
Why directors choose The Directors Helpline
It costs nothing to talk to us – Get initial guidance completely free, with no obligation.
Get Help Today!
You don’t have to face this alone. Our expert support team is ready to guide you to help you find the right solution, right when you need it.