Can't Pay Overheads

At Boardroom Punks, we take an innovative new approach to helping businesses. We aim to work on every financial solution possible before the insolvency practitioners are called in. If you are seeking advice to help you navigate your issues with overhead payments, be assured that we have your interests in mind. SMEs are the backbone of our local economy, and we want to ensure they are protected at all costs. Jobs, livelihoods, families, and futures are all interconnected with SMEs. The alternative approaches we offer are designed to protect both your business and lifestyle.

We have an elite team of financial experts that are serious about their trade. We have a variety of team members at Boardroom Punks with expertise in debt, VAT bills, business and project management, and government loans. We are at hand to offer whatever advice you need regarding bills, rent, salaries, and tax. We know how stressful it is to balance an overhead, especially if you are putting all your attention toward running your enterprise. Whatever stage you may be at, the Boardroom Punks will do their very best to come to the best possible solutions for your company.

Not only do we have experience across the board, but our business model was founded upon our managing director David Morgan. In 2008 he received the news that his chain of opticians was trading insolvent. After battling with the liquidators and the loss of £250,000, Morgan dedicated his time to finding alternative solutions that would help with restructuring both his own business and the SMEs of the future. Today, Boardroom Punks is the solution that our director strived for, and we believe that we have the right tools in place to get any business back to a state where it can stand on its own two feet.

However, don’t just take the claims of expertise from ourselves. Our business experts have put their skills to the test in many different trading models. Beauty salons, haulage companies, decorators, and even jewellers have all needed the advice of Boardroom Punks. Whatever SME you want to salvage, know that our solutions have been tried and tested across many different businesses. Some of the cases we are currently working on include businesses in the fitness industry, window installation, and wine. We always encourage our future clients to reach out and speak to those who have worked with us, as they are the best proof of our success.

Overheads generally increase with the expansion of an enterprise. A director may need to rent out new commercial property for storage, increase the allocated budget toward marketing, and they may need to bring in new staff members. It isn’t easy to keep everything balanced when there are new operations or contracts to attend to.

If an enterprise does not cover the costs of its overheads, then it may run into difficulties down the line. Debts can accrue, creditors may file insolvency claims through a winding-up petition, and there may even be problems with HMRC. It is important to keep on top of overheads so a company can continue to be commercially viable. If they are not balanced correctly, a director may need to choose between staff and stock. Either decision will greatly reduce the capabilities of a business.