April 17, 2024
Full articleWe all know that cash is tight at this time of year. All those presents to buy, all those Christmas parties to pay for. Gilson Gray can help with any cash flow issues that you have, whether that be the recovery of debts due to you, or by giving you advice to help alleviate those issues. Here is our “12 Debts of Christmas” present to you; some interesting nuggets of information, some not so, and hidden amongst all that is our Christmas Present to you.
6. Six Types of Finance – debt factoring, overdrafts, asset finance, term loans, directors loans, lease hire. There are others too! We can advise on them all. We have bank contacts and can assist you if finance is needed.
5. Five Percent Increase – it has been widely reported that is the approximate year-on-year increase in retail spend in the month of December, which explains why cash is tight in December and indeed in to the New Year as people pay off the debt accumulated by them in the run up to the big day.
4. Four Day Insolvency Demand – these can be a quick way to recover debt, or raise insolvency proceedings, without the necessity of raising court proceedings. They are inexpensive and can be used effectively when the debt is outstanding and there is no reason for non-payment (other than cash flow). The sums due to you must be over £750 and must not be genuinely disputed. We have had a number of successes recently serving these demands for our clients.
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For More Information Contact:
David Alexander
Mobile: 07841920089
Direct Dial: 0131 516 5362
Email:dalexander@gilsongray.co.uk
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The information and opinions contained in this blog are for information only. They are not intended to constitute advice and should not be relied upon or considered as a replacement for advice. Before acting on any of the information contained in this blog, please seek specific advice from Gilson Gray.
