Save My Company

It’s common for companies to experience some degree of financial or operational distress at some point in their lifecycle. Whether this is a minor cashflow problem caused by late payment, or a major red flag, such as threats of legal action from creditors, without insolvency support on hand – your business could run the risk of becoming insolvent.

A company is insolvent if it cannot pay its monthly outgoings in full, as and when they fall due, or when liabilities outweigh assets.

In many cases, the fortunes of an insolvent company can be reversed through careful and considered intervention by a business restructuring expert. If your business is viable, there are a range of corporate turnaround options that can be implemented for successful turnaround.

A business in financial distress can be rescued by pursuing a company rescue or restructuring route. Our insolvency practitioners can advise on a range of corporate rescue options, such as:

Company Voluntary Arrangement (CVA) – A licensed insolvency practitioner is appointed to take control of the company to negotiate the best outcome for company creditors. Administration provides valuable time and breathing space to the business while a long-term plan is devised to stabilise it.

The company may exit administration through several routes, such as a successful restructuring of company finances and operations, a sale of the business, entering an alternative insolvency process, such as a CVA, or eventual voluntary liquidation if the business is deemed not viable.

Company Administration – A licensed insolvency practitioner is appointed to take control of the company to negotiate the best outcome for company creditors. Administration provides valuable time and breathing space to the business while a long-term plan is devised to stabilise the business.

The company may exit administration through one of several routes, such as a successful restructuring of company finances and operations, a sale of the business, entering an alternative insolvency process, such as a CVA, or eventual voluntary liquidation if the business is deemed not viable.

Pre-Pack Administration – Pre-pack administration is a type of administration whereby the sale of the company and any assets, is negotiated prior to the appointment of the administrators, with the sale completing upon – or shortly following – the appointment.

This differs from the standard process where administrators commence marketing of the business after being formally appointed.

Business Turnaround – Our business turnaround services involve assessing the current financial state of your business and identifying immediate strategies to restore liquidity and financial control.

We have the insight to make immediate operational improvements, underpinned with the strategic vision to execute medium and long-term business plans.

Our licensed insolvency practitioners will work closely with businesses in financial distress to arrive at the root of the problem, whether this is poor cash flow, a changing marketplace, or operational inefficiencies. We will take the time to understand the current position of the company and identify challenges before ascertaining the most appropriate solution for the company’s specific circumstances.

Working alongside its directors and shareholders, a robust yet flexible plan will be devised to help get the business back on a solid financial footing. For more information on how to save your company and the options available, get in touch with a business restructuring expert.