My business is facing difficulty

Most businesses have good times and not so good times. It’s not always easy, we recognise that so we are here to help.

If you are facing difficulty, maybe you know you might miss a payment on a loan, or go over a limit. The earlier you let us know, the easier it will be to work out what the best solution might be.

In our experience helping businesses in financial difficulty, we found that the earlier the conversation started, the easier it was to find a solution. We have people ready to help you. Once you’ve read our guide, ‘Small & Medium Enterprises in Financial Difficulty’, the best thing to do is to call us on 0818 300 127 or your relationship manager. If you don’t have a relationship manager, you can call into your local branch.

When you have contacted us, we will ask you for some documents to get a clear picture of your business’s finances. Once we have all the information, we can work out a plan to address your financial difficulties.

We can start with a simple conversation to try to understand your position and then work together to put a plan in place. Your accountant or solicitor may be able to offer advice as well. Or perhaps find an independent adviser who knows your sector and can work with you.

Every business is different, and while these aren’t the names of real customers, some stories might ring a bell. If they do, then you should act as soon as you can. The best way of avoiding a big problem is to tackle it while it is still manageable.