Barry Hill
Member, UKBA (UK Business Advisors)
The UKBA members find solutions for SMEs. Being in the Thames Valley I am a member of the Thames Valley Business Advisors which is part of the UKBA.
I specialise in turnaround situations in relation to SMEs who, more often than not, have extreme cash flow problems. I am a qualified accountant with a background as Finance Director to a variety of SMEs, along with international experience with larger Companies. I have a wealth of practical experience in assisting organisations with stressful financial problems and relating to, and assisting, Managing Director/Owners in these situations.
22 contactsWithin an assocation of multi-disiplined experts, I specialise in business turnaround - business with severe financial (cash flow) problems. Other skills include: Financing, business and financial planning and plans, negotiating with banks and creditors, trouble shooting, business performance, accounting systems, cash flow planning and control.
Specialising in business turnaround - business with severe financial (cash flow) problems. Other skills include: Financing, business and financial planning and plans, negotiating with banks and creditors, trouble shooting, business performance, accounting systems, cash flow planning and control and a network of associates covering every other aspects of business for SMEs.
Example
Steel Fabrication Company
Turnover £650k-£750k
Background and Problem
The Company is well established (some 25 years) and a privately owned family business.
It had, however, been loosing sales to overseas competition over a period of several years, and this had been eroding previous profits and draining the cash reserves. The stakeholders were at the end of their tether; the management knew where it wanted to go but with the accumulated debt and lack of funding, did not know how to get there. There was also the consideration of personal guarantees having been given to bankers and the landlord.
Actions Taken
It was immediately obvious that the Company was not going to trade its way out of the situation. After listening to advice and serious soul searching by the owners, it was agreed that the only future for the business would be the use of recent protective legislation which would relieve the debt burden of the past and, with careful planning, keep all the major suppliers, customers and the majority of the staff.
Measures were taken to reduce the effect of the personal guarantees, financing was arranged and the plan executed.
The Result
As soon as the agreed actions were put in motion, the management took up the challenge and the new vision. Sales were made profitably and, beyond the forecast, to the extent that all the staff was retained and some were working overtime. The initial cash requirement was well managed and the management were relived that there were no further sleepless nights.
Specialising in business turnaround for SMEs - an organisation with severe financial (cash flow) problems. Other skills include: Financing, business and financial planning and plans, negotiating with banks and creditors, trouble shooting, business performance, accounting systems, cash flow planning and control plus a network of associates covering most other aspects of business.