When a business is in difficulty, early advice can be the difference between successful turnaround and formal insolvency.
If your business has financial problems we can:
- advise boards of directors on their duties and responsibilities
- offer restructuring or refinancing solutions for the company
- advise on response to statutory demands and winding up petitions
- apply to restrain the issue or advertisement of any winding up petition
- negotiate for the dismissal or withdrawal of the petition
- assist in the acquisition of assets from companies in liquidation or administration – on behalf of the existing management team or a separate entity through a “pre-packaged” sale or otherwise.
If one of your customers or suppliers is in difficulty or becomes insolvent we can:
- work to protect your position and enhance any recovery that you make from that customer or supplier
- assist or guide negotiations with the customer, supplier or insolvency practitioner
- implement our debt recovery procedures
- work to assert your proprietary rights (such as a lien or retention of title), allowing your claim to rank ahead of other unsecured claims in any ensuing insolvency
- assist directors who are faced with potential action from an insolvency practitioner or the Department for Business, Innovation and Skills in relation to director disqualification proceedings.
