When any company is in financial difficulties, it’s vital that advice is sought at the earliest possible stage. The earlier that we’re brought in, the greater the prospect of finding a solution that will enable the business to survive; rescuing the business is always our first objective. We start by ensuring that we understand the reasons for the difficulties and seeking to address them.
We’ll work with you to manage your cash and working capital, and to deal with the needs of key stakeholders such as bankers and major creditors. Then we work with you to identify and address the causes of under-performance and develop a strategy to bring about improvement.
If necessary we can use formal insolvency procedures such as administration or a company voluntary arrangement to provide protection from your creditors and negotiate legally-binding compromises. Even where the financial problems are insuperable and recovery is not viable, we’ll find the most suitable solution which provides the best outcome for all concerned, maximising the outcome for creditors and minimising the exposure of guarantors.
In some circumstances, it may even be possible for the existing management to be involved with the business in the future.
Our team has vast experience, with a successful track record of handling assignments, from the smallest to the largest, from the straightforward to the most complex, and across a wide range of industries and sectors.