As the outbreak of coronavirus (Covid-19) continues to challenge individual well-being and the continuity of businesses within the UK and across the world, we are here to help.
During this unprecedented time, we are seeing business owners feeling the pressure to consider closing down, temporarily lay-off staff etc. all of which can help to be resolved if problems with income coming into the business are overcome.
Your business cannot stop Covid-19, but you can try and improve the cash coming into your business with our dedicated and experienced Commercial Recoveries team, here at HM.
If you are thinking of taking action for your business at this time, we recommend you stop and think of all options first. Please review this page for our recommendations regarding solving the issue of cash flowing into the business, with guidance and useful advice.
If you still have queries and concerns following, please email our commercial recoveries team, who are more than happy to help guide you through the coming months.
We are regularly updating this page as the situation changes, and we would encourage you to revisit for the latest information.
Settle your current late payments at this time to increase cash flowing into the business and cover essential business costs. Our team can retrieve old, unpaid invoices up to 6 years old. They can act quickly, within 24 hours of instruction with one aim: getting the steady income back into your business as soon as possible.
Things will eventually return to normal, and we recommend that you take the precautions to protect your business now and in the future.
Given the unprecedented situation and most recent government advice, we understand that some business owners may be feeling the pressure to close down. However, we understand that this can lead to concerns about cash flow for the business. We are keen to help guide you through this process, acting within 24 hours with one aim: get cash flowing back into the business as soon as possible to prevent an unnecessary close down.
This can help protect the business you have built and prevent full closure. Our dedicated Commercial Recoveries team will act with your business benefit and continuity at the forefront of their mind, to reassure and guide you through this unpredictable time, and help you avoid any risk of not reopening.
With challenging times ahead for all, your business may be struggling more and more with disputes over contracts and late payments. Our Commercial Recoveries team are well aware of this hurdle right now of chasing overdue invoices, and are experienced in taking the pressure and time off your hands. They are keen to guide you through uncertain times and overcome these obstacles.
The team are backed by dedicated dispute resolution and insolvency teams, who can further assist with sorting out disputes over contracts and invoices which are interrupting the day to day working of your business.
Rather than considering staff reductions straight away, which can bring risks, we recommend that you consider retrieving unpaid invoices first. Ultimately, when business returns to normal, your staff will be a valuable asset, which you should consider taking precautions to protect now. Our team can keep income coming into the business to cover employee salary costs by settling late payments – which is completely free up to the point of legal proceedings.
Don’t let the fine business you have built up, with a great team of employees be destroyed by the coronavirus. We are here to help.
For general advice about Covid-19 please visit our dedicated Coronavirus Support page which is also being updated regularly.
For specific guidance about coronavirus and employment law, visit our dedicated page.
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Businesses are facing unprecedented challenges right now. Please be reassured that we are here to help – pick up the phone or email us if you have any concerns about the impact of coronavirus on your business over the coming months.
Taking action now is essential in this period of business pressure and uncertainty. You have nothing to lose, and a huge amount to gain to help your business stay afloat and keep valuable staff over the coming months.
We will continue to update you as government and public health updates change.
Information up-to-date as of the 30th March 2020.