Banking issues
If you are uncertain as to how to approach your bank or would appreciate a second opinion, our banking experts are always happy to talk situations through in confidence, including when a bank has:
- Declined a request for additional lending
- Appointed an investigating accountant
- Asked for additional security on personal guarantees
- Requested that your company or your client banks elsewhere
Our banking specialists joined the firm as associates after successful careers in corporate, insolvency and turnaround banking in East Anglia, so they understand how the whole system works.
No matter how strong your relationship appears to be, banks have their own policies, goals and objectives which may not match your own. That said, all bankers have one thing in common – “they don’t like surprises”.
So how should you or your clients approach their bank when financial difficulties are encountered? There is no single answer but our experts will probably know what it is, following an assessment of your particular circumstances.
We maintain relationships with all the banks. As well as discussing strategy, we can assist in seeking out alternative fund providers if this is necessary.
For further information please contact:
- David Hovell on 01603 877640 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it
- Donald Stuart on 01603 877866 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it