Advice to companies facing financial difficulties
We assist directors in evaluating and implementing potential solutions to financial difficulties. This includes liaising with your stakeholders.
We can advise on Administration, which is a recovery procedure to enable the rescue of a business in whole or in part as a going concern and to enhance the outcome for stakeholders generally.
Company Voluntary Arrangements
The CVA process enables us to assist with the restructuring of a company or where a company may be encountering cashflow difficulties. The CVA process enables the company’s directors to retain their executive power, to continue the business under the supervision of a Supervisor, and continue to pay creditors from profits generated from the ongoing business.
We deal with Creditors’ Voluntary and Winding-up by the Court when your company becomes insolvent, and use Members’ Voluntary, for those companies who are solvent, for taxation and restructuring purposes.
Individual Voluntary Arrangements
Where individuals with financial difficulties can enter the IVA process, we can help put this into place so that you can avoid bankruptcy, which benefits both you and your creditors.