We are an independent and completely impartial team of professionals with over 20 years of experience in helping companies with serious business debt, aiding with their business recovery and assisting with legal and financial solutions.
Our focus is on rescuing your business first and foremost but if that isn’t possible we will ensure that your business follows the most appropriate insolvency route with the least hassle.
We have a panel of business turnaround specialists and insolvency practitioners throughout the country who have helped businesses of all sizes and in all industries navigate through their financial problems. Helping them reach the best possible solution for their individual problems.
Our approach involves gaining a full understanding of your business, and the problems it is facing. We understand that each situation is unique and will therefore require a tailored approach to ensure the best possible outcome given the circumstances. We are experts in all the solutions available to a business – these include Company Voluntary Arrangement , Creditors Voluntary Liquidation (CVL), pre-pack administration and commercial finance.
Using an impartial and professional organisation like us to speak to creditors on behalf of your company will give them a better insight into the problems you are facing, and also demonstrate that you are taking a proactive approach to dealing with your debt and settling with creditors. This could lead to more flexibility on their part, giving you more time to formulate a plan for repayments and getting important breathing space for your business recovery. With more belligerent creditors, we can negotiate more formal and contractual agreements to give you more time to organise your repayments.
By determining and analysing the current financial status of your company, we will be able to guide you in the best possible direction for your business recovery whether it is liquidation or other insolvency options.
It is important that you contact us as soon as possible to ensure that you do not limit your options as time passes. Whatever assistance you may need from us, you can be sure it will be cost effective, practical and tailored to your individual needs.
How to turn around your business
A business that is in financial difficulty broadly has three options: to sell the business to someone who believes they can fix it, dissolve the business, or turn it around.
Business turnaround involves the reversal of a business’ decline and the restoration of its stability with the desired result being an increase in value and viability. Although it can often seem like a business that has serious debt problems cannot be saved, with the right advice business turnaround could still be realistic option.
There are a few conditions that need to be met before turnaround becomes an option:
There are three broad phrases that can be used to outline the main stages in a turnaround process. The initial stage involves solving the immediate financial strains on the business, such as cutting costs on nonessential practices or even cutting staff members who are not as critical for the core business functions. After this first stage, the business enters a period of stabilisation which allows the longer term plans of regrowth and management to be planned together with getting the finances ready to do so. The final stage is to put the plan into practice together with the Turnaround Practitioner and begin turning the business around.
To see how we can help with your business debt, call now or fill out our online contact form for free, expert advice on business recovery.