Southern Based Website & Software Design company
The company accountant contacted KSA Group as he was concerned that the business was in serious financial difficulty and a meeting was held at the company’s premises. KSA was appointed to assist the company
The company encountered compounding financial difficulties due to;
- Lower than forecast sales
- High overheads
- A substantial investment in a new CRM programme that was not quite market ready
- A small number of bad debts from insolvent clients and
- Incomplete projects.
What was the situation with the creditors?