Recovery

Whether you have been struggling through financial challenges for months or you’re facing insolvency, our team will work with you to determine the right solution for your business.

Common signs of financial distress can include difficulties in servicing debt burdens, legal letters demanding payment, growth in creditor and tax arrears, and deterioration in trading results or overtrading. Left alone these issues may lead to a solvency problem, the consequences of which could be serious, such as receivership or liquidations and/or claims against directors personally. It is important to recognise these signs and take swift action.

Our specialists are skilled in working with people under stress and look to quickly analyse risks and identify issues, determine the right solution for the situation and efficiently and effectively execute to ensure the best result possible for all involved.

In both trading and investigation environments, we use one of the following solutions to get you the right result first time:

• Creditor’s compromise – an arrangement with creditors to pay less and/or at a later date
• Voluntary administration – statutory protection from legal action and creditors until a best way forward is determined
• Receiverships – a receiver applies the security over a company’s assets for the purpose of securing or selling assets
• Liquidations – either a creditor applies through the court or shareholders themselves decide to bring the company to an end

Connect with us early to discuss your financial concerns and take action to achieve the best outcome for your business.