Banking issues

If you are uncertain as to how to approach your bank or would appreciate a second opinion, our banking expert, is 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 specialist joined the firm as an associate after a successful career in corporate, insolvency and turnaround banking in East Anglia, so he understands 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 he 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.

Please contact David Hovell on 01603 877640 for further information or email davidhovell@mw-w.com