In our experience, all too often a business failure could have been prevented if the owner had taken action at the right time.
However, many business owners do not face up to problems such as bad debts, reduced demand and excessive borrowing until it is too late.
The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice a company may be saved from liquidation or receivership, particularly if there is a genuinely profitable core to the business.
We can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. In some cases we can help you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.
For expert advice and assistance with your corporate recovery, please contact us today.