Business Recovery Services
We provide experienced and cost effective strategic business rescue and recovery strategies for small businesses in financial difficulties.
If your business is having cash-flow problems, approaching insolvency, or you could use some immediate advice on how to handle debt or business restructuring in the best possible way, give us a call to find out how we can help.
Talk to a business rescue expert via live chat during working hours. Or call us on 0800 074 6757
Business Recovery Options
Business Rescue can range from practical steps to help a business with moderate financial problems through to formal legal processes to obtain some time and guaranteed breathing space to facilitate the turnaround of a financially beleaguered business.
Business recovery services, such as the CVA and administration, have wide-ranging implications on the company, its directors, shareholders, employees and business creditors.
Business Rescue Services for Struggling Businesses
We can help with 1 or a combination of the following options for business recovery :-
Using a CVA to Renegotiate Business Debt
The CVA is a debt restructuring mechanism which must be agreed upon by 70% of creditors. It must be facilitated by an insolvency practitioner and offers a legal moratorium against further creditor action. Read our full article here on CVA’s.
Business Funding
The rise of Fintech has meant there are a more diverse range of funding opportunities than ever before. Some companies even specialise in lending money to businesses with a poor credit score, and with the minimum of paperwork. We always consider finance as part of any rescue plan.
Time to Pay Arrangements (TTP)
As one of the UK’s most experienced mediators with HMRC, we are as practised at anyone in knowing what terms HMRC will accept for a time to pay arrangement, and pushing for the best possible deal on your behalf. Read our full article on Time to Pay Arrangements.
Business Recovery Checklist
- Do – Keep creditors informed about what is going on.
- Do – Have a clear grasp of your cash-flow
- Do – Make notes on all important decisions made for your protection and reference in future.
- Do – Act fast. Sticking your head in the proverbial sand will not make the situation go away.
- Don’t – Ignore any legal threats or statutory documents that you receive.
- Don’t – Just pay off one creditor if they are making more ‘noise’ than the others.
- Don’t – Think that the situation is going to resolve itself.
- Don’t – Make promises to creditors such as HMRC that you cannot keep.
- Don’t – Take any deposits for work that you may not be able to complete.
How we can help with your Corporate Recovery
- We will listen to you and work within the parameters that you set out.
- Your best interests and personal protection are our main priority at all times.
- We aim to reduce those unpleasant surprises that can sometimes occur due to a lack of knowledge surrounding insolvency situations.
- There are no upfront costs with us… You don’t pay us a penny until we are both happy and we know what needs to be done to get your business recovery plan started.
- We advise hundreds of UK small businesses every year on business recovery issues..
- We help reduced the chances of a forced liquidation by early discussions & detailed business forecast planning.
- We reduce the stress that business problems can bring, allowing you to get on with what you do best.
Talk to an Expert About a Business Recovery Plan
Speak with one of our business recovery consultants today by calling us on 0800 074 6757 or use our live support feature at the top of the page to get answers fast…
