Business Debtline
Provides expert debt advice to the self-employed and small businesses online and over the phone.
How to spot the warning signs and act on them
Many financial difficulties can be resolved relatively easily, but, left unchecked, some can have more serious consequences.
It’s not uncommon for businesses to experience financial difficulty. By being alert to warning signs and preparing for all eventualities you can deal with issues before they become serious.
Keeping an eye out for early warning signs could help you spot any problems early on. These include:
You can’t predict everything, so it’s a good idea to be aware of the situations that could catch you out. These include:
If you’re worried that your business is showing warning signs or has taken an unexpected blow, or even if you are already having financial difficulties, it’s important to let us know – the sooner, the better.
You can do this either through your Relationship Manager or by visiting our contact pages.
So we can give you the right kind of help or advice, it would be useful to have the following information handy when you talk to us:
Here are the details of independent agencies that can provide you with free, confidential advice if your business hits financial difficulties.
Provides expert debt advice to the self-employed and small businesses online and over the phone.
Provides impartial personal-debt advice to people across the UK, online and over the phone.
Provides advice on a broad range of topics including personal debt and benefits, face to face, over the phone and online.
Provides business support services and impartial advice to companies in Scotland.
A government agency that provides services and guidance to businesses experiencing financial distress.
The Business Emergency Resilience Group (BERG) helps UK businesses prepare for, respond to and recover from flooding, cyber attacks and civil unrest.
Provides homes for farming families living in England and Wales who have to leave the industry and by doing so will lose their home.
The Royal Agricultural Benevolent Institution (RABI) provides support for farmers if they are in financial difficulty and of limited means.