Chartered Accountants & Insolvency Practitioners

DISTRESSED BUSINESSES

Advice to protect you and maximise value...

Acting quickly is key...
...to help protect directors against potential claims...
...and help safegaurd value for all stakeholders.

HOW CAN WE HELP?

We understand how stressful it is when you or your business is facing financial problems. We have a wealth of experience in helping clients find practical, pragmatic and commercial solutions, whilst also ensuring that the issues faced by the business and those involved are dealt with care and empathy.  

When faced with some of the issues listed below, it is important to seek advise as early as possible to ensure value can be maximised for all stakeholders.

SIGNS OF DISTRESS

Cashflow
pressures

Struggling to pay your suppliers, landlord or HMRC is often an early sign of insolvency

Creditor
noise

Suppliers pressure can lead to the rapid deterioration of a situation

Winding up
Petitions

Legal action by creditors to recover monies can lead to insolvency

POTENTIAL OPTIONS

Non-Statutory options

Early action may mean the business is protected without formal insolvency

CVA

A Company Voluntary arrangement will allow you to compromise creditor payments

Formal Insolvency

Administration and/or Liquidation may lead to closure of the company

Want to learn more?

Read further about the various options available

Early action is key.

Get in touch for free confidential advice