Business recovery services are designed to help businesses that are struggling financially to recover and return to profitability.

Our experts can help you identify the root causes of your problems and develop a plan to get your business back on track.

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Business Recovery

Business Recovery Options

Business recovery options are a range of measures that can be taken to help a company that is struggling financially. These options can range from practical steps to help a business with moderate financial problems to formal legal processes to obtain time and breathing space to facilitate the turnaround of a financially beleaguered business.

Some common business recovery options include:

  • Restructuring: This involves making changes to the way the business is run, such as reducing costs, increasing sales, or changing the business model.
  • Negotiating with creditors: This may involve asking creditors to reduce or reschedule debts, or to provide additional funding.
  • Securing new funding: This may involve seeking investment from new investors, or borrowing money from a bank or other lender.
  • Entering into a formal insolvency process: This may involve a Company Voluntary Arrangement (CVA), administration, or liquidation.

The best business recovery option for a particular company will depend on its individual circumstances. It is important to seek professional advice from a qualified insolvency practitioner to assess your options and choose the best course of action for your business.

Business Recovery Services

Business rescue services can help businesses that are struggling financially to recover and return to profitability. There are a range of business rescue services available, including:

  • Company Voluntary Arrangement (CVA): A CVA is a formal agreement between a company and its creditors that allows the company to reduce or reschedule its debts. CVAs are overseen by a licensed insolvency practitioner and can be a useful way for businesses to avoid compulsory liquidation.
  • Administration: Administration is a formal insolvency process that places a company under the control of an administrator. The administrator’s role is to try to achieve a better outcome for creditors than would be likely in a liquidation.
  • Time to pay arrangements (TTPs): TTPs are agreements between a business and HMRC that allow the business to pay its tax debts over time. TTPs can be a useful way for businesses to avoid bankruptcy and continue trading.

In addition to these formal insolvency processes, there are a number of other business rescue services available, such as:

  • Business funding: There is a range of funding options available to businesses that are struggling financially, including loans, grants, and investments.
  • Restructuring: Restructuring can involve making changes to the way a business is run, such as reducing costs, increasing sales, or changing the business model.
  • Negotiation with creditors: Businesses can negotiate with their creditors to reduce or reschedule debts, or to provide additional funding.

The best business rescue service for a particular company will depend on its individual circumstances. It is important to seek professional advice from a qualified insolvency practitioner to assess your options and choose the best course of action for your business.

How we help with company restructuring, recovery, and insolvency

We understand that facing financial difficulty can be a stressful and challenging time for your business. The Company Debt team is here to help you navigate the complex process of company restructuring, recovery, and insolvency and to find the best solution for your unique situation.

Our team of experienced and qualified professionals can provide you with the following services:

  • Company restructuring: We can help you to identify and implement the necessary changes to your business structure, operations, and finances to improve its profitability and viability.
  • Business recovery: We can help you to develop and implement a business recovery plan to get your business back on track. This may involve negotiating with creditors, securing new funding, or restructuring your business operations.
  • Insolvency: If your business is unable to recover, we can help you to choose and implement the most appropriate insolvency procedure. This may include a Company Voluntary Arrangement (CVA), administration, or liquidation.

We will work closely with you throughout the process to ensure that you understand your options and that you are making the best decisions for your business. We are committed to helping you to achieve a positive outcome, whatever your circumstances may be.

Here are some specific examples of how we can help:

  • Developing and negotiating a CVA: We can help you to develop a CVA proposal that is fair and realistic, and that gives your business the best chance of recovery. We will also negotiate with your creditors on your behalf to secure their approval of the CVA.
  • Securing business funding: We have a network of contacts in the finance industry and can help you to find the best funding solution for your business. This may involve securing a loan from a bank or alternative lender, or attracting investment from private investors.
  • Restructuring your business operations: We can help you to identify and implement the necessary changes to your business operations to improve its efficiency and profitability. This may involve reducing costs, increasing sales, or changing your business model.
  • Managing your insolvency: If your business is unable to recover, we can help you to choose and implement the most appropriate insolvency procedure. We will also provide you with support and guidance throughout the insolvency process.

We understand that every business is different, and we will tailor our approach to meet your specific needs. We are committed to helping you to achieve the best possible outcome for your business.

How Our Team 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…