Chamber hands out debt advice

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Greater Manchester Chamber has launched a free debt advisory service to help businesses hit by the downturn.

The debt advisory is aimed specifically at viable businesses that are beginning to experience financial issues as a result of the recession.

The service will be available to all businesses, including those in Rochdale, with fewer than 250 employees across Greater Manchester.

Andy Nichols, who is running the service with Dave Martin, said: “The key objectives of the service are to prevent businesses closing and secure jobs.

“Our early involvement is crucial, as this will maximise the number of options that are available and increase the chances of a successful outcome.”

Businesses using the service will be given a confidential review, which will look at issues such as income, cash flow and creditors. Following this review an action plan will be agreed with the client.

The debt advisory service, which is being provided by Business Support Solutions, is funded by the Northwest Development Agency.

The service is free and is available to all businesses, within the region, with fewer than 250 employees. For more information call 0845 608 3388.