From time to time limited companies find themselves in financial difficulty. A company’s cash flow situation may be having a detrimental effect on its continued operation and debts may be stacking up. This is the time to take action.
Limited companies, both large and small often find themselves in situation of financial difficulty. This can be due to a whole variety of factors such as poor economy, loss of contracts / customers, a poor booking, etc. Whatever the reason the most important thing to do is not hide fact and wait until the problem is too big to deal with.
When a company reaches a state of financial difficulty, two options become available. First, the company can cease to trade, its assets are sold and the business goes into liquidation. The second option is a company rescue procedure such as a Company Voluntary Arrangement (CVA) or “Prepack Administration Order“ which ultimately aim to keep the core business of the company alive.
Our company advice team aim to educate companies when they require assistance and try to make the decision makers wiser to their financial options. The advice team are very sympathetic towards companies in a crisis and listen to what directors ultimately want to achieve.
The company advice team specialise in the area of company rescue. Operating in conjunction with principles and company managers when they reach financial difficulty the company advice team is able to direct the situation towards a path of recovery by selecting an appropriate solution that’s in the best interests of both the business and the directors.
The company advice team is in a prime position to offer company’s best advice assistance when an adverse situation arises, with a capability to advise on all aspects of company rescue and insolvency options from company liquidations to company administration orders.
The approach taken by the company advice team is very professional, yet accessible to the client aiming to achieve the respect and trust by respecting them in return. Company rescue and insolvency is not a battlefield and everyone such as creditors, HM Revenue & Customs and other stakeholders can all work together to achieve a rescue plan.
0800 668 1391
0161 907 2444
07522 944 190