| Trade-on
Accounting
The ideal outcome of being appointed to a distressed
company is that the business continues if possible –
whether by deed of company arrangement or by sale as a ‘going
concern’.
However “trading on” in the meantime to keep the business operating
involves significant financial risks for the appointee. Liquidation
is usually the safe course.
Knowing that you are in complete control of cash flow lets you ‘trade-on’
more businesses with confidence … increasing the proportion of
ideal outcomes … resulting in a more profitable and satisfying practice.
How would you like to be able to:
- Control your cash flow and cash flow planning with greater confidence
- Be warned immediately if trading becomes cash flow negative
- Maintain a clear distinction between the accounts of the business
as a going concern – and the accounts of the administration
|