Business Recovery Services
Companies are subject to constant forces of change both internally and externally and usually the directors are able to make the necessary changes to maintain or improve trading performance. However, if deteriorations in trading are not rectified quickly the financial and consequently operational health of a company will begin to deteriorate.
Early and mid-stage decline can usually be remedied by appropriate strategic, operational and financial changes. The Business Recovery Service that Chamberlain & Co operate help the directors to identify the appropriate steps to take and assist in their implementation.
Writs, judgements and statutory demands or government bodies, local authorities and landlords taking walking possession of company assets, are all signs that a company has reached the later stages of decline.
At this point it is likely that the company will either have to reach an informal or formal arrangement with its creditor(s) as part of a business recovery strategy. We are able to assist in the preparation of a proposal to put to creditors. If it is to be a formal arrangement they may act as supervisor.
If a company, for whatever reason, proves to be beyond redemption, we can assist the directors to select and implement the most appropriate formal insolvency process. Business recoveries are not always feasible but they are always fully examined as an option.
Read our Frequently Asked Questions to find answers to commonly asked questions regarding corporate financial difficulties.
Companies who are insolvent or are experiencing cash flow problems have the following options
Informal Insolvency Procedures:
- Restructure business and/or finances
- Informal agreement with creditors
Formal Insolvency Procedures:
- Members Voluntary liquidation
- Creditors Voluntary liquidation
- Compulsory liquidation
- Administrative receivership
- Law of Property Act receivership
- Court appointed receivership
- Administration
- Company voluntary arrangement
Call us on 0800 195 4585 to see if we can be of assistance with your corporate financial
difficulties.
