Business Recovery

Could our Business Recovery team help you?

Here at The Insolvency Experts, we have a team of specialists who understand the pressures and strains associated with the day to day running of a business.

Our expert team also understand that no matter how hard you try to avoid it, there is always the possibility that at some point you may have a need to seek professional advice from a Financial Expert.

It’s often something completely beyond your control, but it’s vital that if you or your Company experience any kind of financial difficulty, that you seek professional advice as soon as possible.

At The Insolvency Experts, our team will always begin by assessing the financial position of your company and outlining the available options to you.

Business Recovery options

Having worked with financially unstable businesses for over 20 years, we will use our wealth of experience to advise and assist you.

We can offer an initial Free Business Review in order to guide you through the steps you need to take to deal with the current situation and find the best financial option to move forward.  

We also provide expert advice and assistance with the following:

• Dealing with HMRC debts;
• Helping to source alternative methods of finance; 
• Reducing costs and managing cash flow problems;
• Help dealing with bailiffs;
• Understanding your duties as a director 

What if Business Recovery isn’t right for me?

We will always look to begin a Business Recovery or Business Restructure process wherever possible, but if it becomes clear that your Business isn’t a viable option for recovery, our team may need to provide you with advice relating to the various types of Insolvency procedures in order to best protect your financial wellbeing.

These options include:

• Company Administration – Administration may be appropriate if your company is financially distressed but has a business with underlying value.  If your company has a strong order book, and a strong brand that may be of interest to either the existing management team, or a third party, then the possibility of Administration should be explored.
• Company Liquidation – Liquidation is the process your company is likely to face if you have ongoing cash flow problems and creditors are threatening to take enforcement action against the business.  There are various types of Liquidation. Each one is heavily dependent on the circumstances and financial position surrounding the company. 
• Members Voluntary Liquidation–  A MVA is a formal arrangement between your company and its creditors, where the company proposes a settlement in respect of its historic debts.  Often the proposal is not for repayment of the debts in full, but a percentage of the debt, depending on the estimated financial performance of the company going forward.

Have any more questions? Check out our FAQ page!

We are here to help!

Whatever the situation, if your business is struggling financially, and you are unsure of which direction to take, you need to speak to an expert at the earliest possible opportunity. The early you put a plan in place, the best possible chance of helping your business towards recovery.

Our team will aim to quickly obtain an understanding of your business and the issues which you are facing and provide advice regarding the most appropriate course of action. To get in touch, you can request a quote, fill out a contact form or call us on 0300 303 8284