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 cashflow. 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.

Financial Update

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