When your business is in difficulty it can be an unsettling time. Taking advice and dealing with the situation promptly and effectively can reduce your exposure to potentially far reaching consequences.
Often a business will experience difficulties due to a specific event, such as a bad debt or loss of a big customer, but will have a decent core business that can be rescued. Early identification and intervention is key to this - making sure that value is protected while restructuring takes place.
We can advise on the steps needed to ensure that you achieve the optimal outcome and fulfil your duties and obligations to creditors.
As licensed insolvency practitioners, we are able to advise and act in
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administration
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liquidation
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corporate voluntary arrangements and
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restructuring plans
We are also experienced at larger group restructuring, using a range of procedures and informal solutions to implement bespoke managed outcomes.
Solvent reorganisation and capital release
Whether it is following a business sale, retirement or because the business has simply served its purpose, if a limited company has accumulated assets and cash reserves of more than £25,000 you will need to engage a solvent liquidation to legally extract assets as capital. We can assist, working alongside existing advisers to find a compliant and cost and tax effective outcome.
