Growing businesses usually require financial support to provide funding.

Always maintain a positive and open relationship with your financiers.

Financial institutions generally require updated financial statements as a condition of the loan.

It is also wise to meet your financiers regularly to keep them informed of your current business strategies. Demonstrate that you understand the financial investment required for growth and the cashflow impacts it will have on the business.

Always obtain legal and accounting advice as the decisions you make will have significant tax and legal implications.

Contact your local Business Advisory Service for advice on managing business growth or to identify consultants qualified to assist.