Rescue & Recovery

It is well known that the failure of a businesses could have been avoided if the Directors, Shareholders or owners had been given the correct advice at the correct time. There are many reasons for a business to collapse, such as bad debts, poor organisation, not collecting in money owed to them, lack of customers or borrowing money that cannot be repaid. It’s a frequent case that business owners do not act early enough.

In the case of a Limited Company, Directors who don’t take action or ignore the issues could be committing an office under the Insolvency Act, for example fraudulent trading, illegal trading, undervaluing transactions. The penalties for these offences can be severe and may lead to the Directors being prosecuted.

If your business is in trouble, the clear option is to seek advice at an early stage. If it is tackled in time then a business can be saved as there are alternatives to administration or liquidation. If there is a profitable business behind all of the problems, then it can be recovered and saved.

We understand the difficulties in running a business at the current time and we have over 20 years of experience in helping people in this situation, we can work with you to identify the causes of your financial problems and work with you to find the best solution for you.

If it is necessary for your business to go into administration, or receivership then we can stand with you to help you through what is a stressful and difficult time.