Rescue And Recovery
Bad debts, reduced demand, excessive borrowing and low property
values are common causes of business failure. Disaster can often be
avoided if owners are quick to face the facts and seek expert advice.
Directors who ignore these issues run the risk of being prosecuted
under the Insolvency Act for fraudulent trading, misfeasance, wrongful
trading and preferential or undervalue transactions. The penalty might
be disqualification, or worse, so this is another good reason for seeking
the right advice as soon as problems become apparent.
Timely advice from our team of experienced professionals can save a
company from liquidation or receivership, particularly when it has a
genuine profitable core. We will help you identify the cause of your
problems and recommend solutions to improve profitability and cash
flow. In some cases we can help you arrange a corporate or individual
voluntary arrangement, which gives you the opportunity to trade out of
difficulty.
The best way to avoid all these unpleasant situations is to let us
conduct regular business health checks. This will enable us to identify
potential difficulties and stop them, before they become critical.
We have specialist accountants to help provide Business Rescue and
Recovery Advice so do not leave it too late to contact us and see how
we can help your business.
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