Rescue & Recovery

It is a well known fact that many business failures could have been avoided if the owners had taken the right advice at the right time.

Some of the commonest causes of company collapse are bad debts, reduced demand, excessive borrowing and inappropriate finance. All too often business owners do not face up to these problems until it is too late. Moreover directors who ignore such problems run the risk of committing offences under the Insolvency Act. With timely advice a company can be saved from liquidation or receivership particularly if there is a genuinely profitably core to the business.

Our team of trained professionals can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. In some cases we can help you arrange a corporate or individual voluntary arrangement which will allow you an opportunity to try to trade out of difficulty. If it is necessary for your business to go into administration, receivership or insolvency we can advise and assist you but the best advice is to come in for regular business health checks so that we can identify potential difficulties and from an early stage recommend appropriate courses of action in good time.