Corporate

How do you know if your business needs help?

Are you experiencing one or more of the following...?

If so you probably need to take some advice...

Unable to pay staff wages

significant cash flow problems

pressure from creditors

unable to obtain further credit

your main creditor is HMRC

you've incurred a significant bad debt

Unsure if you need to take advice

Don't worry

Creditors voluntary liquidation

A voluntary closure of the company as it can no longer continue to trade due to its indebtedness

Compulsory liquidation

A creditor forced closure when seeking to recover their debt

Administration

A company rescue process for businesses suitable for sale as a going concern

Members voluntary liquidation

A distribution of the companies assets, usually following a sale or closure of the business

Company voluntary arrangment

A company rescue process for business seeking a longer term solution to their problems

Receiverships

A secured creditor appointment to recover their mortgage over property

It is a natural human reaction when faced with debt or business insolvency to avoid discussing the problem. If it is a business facing financial problems there is the added strain of keeping up appearances for employees, suppliers and customers.

Many people believe that Insolvency Advisors are only called once a company has actually become insolvent, but this isn’t the case. By involving an Insolvency Advisor whilst the company is still solvent, even if in financial difficulties, it may be possible to help turn fortunes around and trade profitably again.

If your business is facing creditor legal action, or struggling with cash flow that is threatening the future of the business, obtaining professional advice from a licensed Insolvency Advisor can make a real difference to the fate of the business.

We can offer advice and support whatever stage your business is at, but the sooner you involve us, the more options you may have.