The companies that come through a difficult patch best are usually the ones that saw it coming and acted early. Cash-flow trouble rarely arrives without warning, so it is worth knowing the signs that suggest a conversation with us would be wise sooner rather than later.
Signs worth watching
- You are increasingly relying on stretching supplier payment terms to get by.
- Your cash buffer is shrinking month on month with no clear recovery in sight.
- A major customer is paying later than agreed, or you are more dependent on a single client.
- You are using new borrowing to cover existing repayments rather than to grow.
- You find yourself choosing which bills to pay each month.
- A known quiet season is approaching and reserves are thin.
What to do if you recognise these
Noticing one or two of these does not mean your company is in crisis, but it is a prompt to plan rather than hope. The earlier you talk to us, the wider the range of options, from adjusting your schedule to a short payment holiday or rescheduling across your agreed term.
It is also a good moment to seek free, independent business debt advice so you see the whole picture. Credicorp lends to limited companies and LLPs for business purposes, and we would always rather have an early conversation than a late one. Reach out through your account or the contact details on your agreement.
See also: Early warning signs your company may struggle to repay, How do I spot the early warning signs of cashflow trouble? and What if my company can only pay part of this month's amount?.