Company Healthcheck

Remember honest answers only - anything else and its only you that you're kidding!

Question	Yes	No
Do you prepare regular cash flow forecasts and compare the results to actuals?
Is your cash flow under pressure?
Do your projections suggest you may have a problem soon?
Do you prepare regular and comprehensive management accounts?
Do you believe them?
Did your auditors express any concerns in their last management letter?
Have you dealt with them?
Do you have an up to date and comprehensive business plan?
Do you know who owes you money (your customers/debtors), and how old the debt is?
Do you know that they are all collectable?
Do you receive a lot of queries from your customers?
Do you know how much you owe (your suppliers/creditors), and how old the debt is?
Are you delaying payments to your creditors?
Are any of your creditors threatening legal action, or have done so in the recent past?
Are your payments to the Customs & Excise (VAT) and/or the Inland Revenue overdue?
Do you have a good relationship with your bank?
Are you keeping them informed about your business (good or bad)?