Whether it’s cashflow issues or fending off creditors, struggling to obtain credit or exceeding overdraft limits, missing tax payments or dipping into personal finances to stay afloat, distressed businesses need vital support.
Business directors have a legal responsibility to ensure their company remains solvent, while creditors and stakeholders need to manage their exposure to losses. Obtaining early advice can be invaluable to clarify your current position and evaluate the best route to recovery.
Meeting your needs
We offer detailed and practical recommendations based on in-depth fact-finding and analysis to come up with commercially sensible, well-rounded solutions.
Insolvency isn’t the only option – we look at all avenues, with a focus on minimising costs and maximising recoveries to help satisfy creditors and get back on the right financial track.
We appreciate that we can be a company’s last resort. Our sympathetic and highly qualified partners often go beyond what’s expected to help you deal with the situation.
Our experienced practitioners can work with our transactions team to market a business for sale and help negotiate the right deal for the best price.
How we can help
- Company voluntary arrangements: Helping businesses to agree a flexible yet binding arrangement with creditors, tailored to specific circumstances, in order to avoid insolvent liquidation.
- Administrations: Avoiding liquidation by realising assets for secured or preferential creditors through sale, handling pre-packaged administration sales and/or assisting with the sale of business and assets during administration.
- Receiverships: The Law of Property Act, fixed charge receiverships and court-appointed receivers.
Insolvent liquidations: Creditors’ voluntary liquidation and compulsory liquidation.
- Liquidation - liquidation is a process that brings about the closure of a company. As part of the process all company assets and property will be sold or distributed to pay off outstanding creditors and shareholders before the company is dissolved. Liquidation is sometimes called winding up.
A top ten UK accountancy firm, as ranked by Accountancy Age. (Source: Accountancy Age, 2018)
Much of our work comes from referrals through our established relationships with intermediaries and existing clients.
A member of R3: the association of business recovery professionals.
Our partners and directors regularly contribute commentary on restructuring and recovery issues in the national and trade press.
Representatives on the Charity Commission Interim Manager and Proceeds of Crime receivership (‘POCA’) panels.