Managed Exits
Is your relationship strained with your Bank?
The relationship between a bank and customer can face challenges on both sides.
As a business develops its financial needs change, occasionally resulting in problems that affect both parties; the customer who frequently exceeds borrowing limits or the bank manager who loses confidence in the customer for regularly breaching the terms of a facility.
The common problem in these situations tends to stem around the funding of the business usually due to under capitalisation from the start or poor cash flow.
When a banking relationship breaks down the situation can be a pressurised and stressful time for directors. Here at The Ludgate Partnership we can call upon the resources of our in-house team of specialists to provide a "managed exit" strategy.
The process includes a financial review of the company to establish the financial needs of the business, the sourcing of alternate facilities, if appropriate, and liaising with the existing bankers, where appropriate, to ensure an amicable exit is achieved.