There is certainly no shortage of challenges that SME owners face on a daily basis. In addition to a lack of contingency planning, having difficulty in finding the right staff and struggling to manage time effectively, the obvious, common problem is money.

Issues with cashflow often delay recruitment, product launches and the pace at which you can ‘scale up’, to name just a few probabilities.

It should come as no surprise, then, that new figures from a finance industry survey have shown that restricted cashflow and an absence of bank support are the two top challenges being faced by small and medium-sized enterprises.

In the survey, which was carried out on 300 members of the UK’s advisory professionals’ community, 57% of respondents claimed that the businesses they are working with are being held back as a result of ‘cashflow troubles’.

49%, on the other hand, cited ‘banks removing or restricting facilities’ as a major stumbling block, which polled just ahead of ‘market uncertainty’ at 46%.

Interestingly, of all the challenges posed to them, advisers considered ‘late payment’ as the least significant, with only 19% seeing this as a crucial factor. As reported by Walsh Taylor in May, links have previously been made between late payments and construction companies being either close to liquidation or bankruptcy or could be soon.

In working with many SME owners throughout the Yorkshire and North East areas, our Leeds, Harrogate, Bradford and Darlington-based teams understanding the stresses that come with managing your own company.

As such, Walsh Taylor’s licensed insolvency practitioners are passionate about providing a personal and bespoke service to ensure that we find the most positive solution possible.

We do not charge for the initial advice or meeting, so do not hesitate to call 03300 244 660 today if you would like to discuss your financial situation in a confidential manner.

Mary Taylor
Director

Mary began working in insolvency for a national accountancy practice in Glasgow thirty years ago and worked in most divisions of the insolvency department.

She then moved to a smaller firm so she could advance her knowledge on a more hands on basis. She moved back to Leeds in 1987 and commenced working with a small firm of accountants and subsequently made partner.

She left in 1999 to set up her own practice, McCann Taylor.
McCann Taylor became involved with the consumer market both in England and Scotland.

Mary sold McCann Taylor in March 2007 and formed Walsh Taylor to concentrate on helping businesses experiencing financial difficulties.

Kate Ellis (neé Breese)
Insolvency Practitioner

Kate has worked in insolvency since 2001 starting out at a firm of solicitors in Leeds and latterly gaining positions within two national accountancy firms.

During this time Kate gained extensive experience in all aspects of personal and corporate insolvency, for the first part of her career specializing in personal insolvency and latterly corporate.

Kate has been with Walsh Taylor since its incorporation in September 2008.

Kate is CPI and JIEB qualified, is experienced in a variety of industries and sectors and is the firm’s joint appointment taker.

Meg Heath
Director

Meg has a background in supporting SMEs, including the raising of finance and advising on organisational change. She is a non-executive director of companies in the private and third sector, including Walsh Taylor.

Previously she was Deputy Fund Director of one of the largest CDFIs in the UK, and has experience of the social enterprise, charity and private sectors. Her experience of assisting companies to survive and thrive has been gained across a broad range of sectors and in companies of all sizes.

In addition to her work at Walsh Taylor she works for other private companies, including non-executive and trustee positions.

Emma Mifsud
Insolvency Practitioner

After graduating from Leeds University in 2005 with a BA Hons degree in Criminology, Emma worked for a regional law firm in both the property department and insolvency and banking department. Whilst doing so Emma gained a Graduate Diploma in Law at BPP University.

Emma then joined a national accountancy firm in 2009 gaining experience in personal insolvency before moving to a Leeds based firm. At this firm Emma specialised in bankruptcies, IVA’s and negotiating informal agreements with creditors. In 2013 Emma gained her CPI qualification.

Since joining the firm in December 2013, Emma has taken on a portfolio of personal and corporate insolvency cases to extend her knowledge and expertise in all areas of insolvency.

In December 2017 Emma become a licensed appointment taker under the Insolvency Practitioners Association, she is JIEB qualified.

Walsh Taylor Finding workable solutions for your financial problems
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