Rescue & Recovery
Many business failures could be avoided if owners took professional advice at the right time.
Some of the most common causes of company collapse are due to bad debts, excessive borrowing, diminished property values and a reduction in demand. It is a sad fact that business owners do not face up to the problems until it is too late.
Directors ignoring such problems run the risk of unwittingly committing offences under the Insolvency Act such as fraudulent trading, wrongful trading and preferential or undervalue of transactions which obviously carry penalties.
If your business is showing any signs of difficulty, do not delay in seeking professional advice whereupon it may be saved from liquidation or receivership, particularly if there is a genuine profitable core, which sometimes is inadvertently overlooked. Our team of professionals can assist in identifying the cause of your problems and can recommend solutions to improve profitability and cash flow before its too late.
In some instances we can assist you in arranging a corporate or individual voluntary arrangement allowing you an opportunity of trading out of difficulty.
Should there be no alternative and your business has to go into administration, receivership or insolvency we also offer a complete professional service to deal with every aspect of the situation.
Call us now to discuss how we may help you to get your rescue & recovery plans in place on 0113 391 9990.