Business rescue and recovery
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Business failure is a fact of life. But, it’s also a fact that many business failures could have been prevented if the owners had taken action at the right time.
As old markets evolve and new ones open up, new technology offers different ways to produce goods and changes the way we shop, the world is always moving on and business needs to move with it.
Too often business owners do not face up to problems such as bad debts, new competition, reduced demand and excessive borrowing until it is too late.
The key is to seek professional help as soon as the signs of trouble appear.
Sound advice at the right time can make a huge difference and mean 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 answers and resources to improve your profitability and cashflow. In some cases we can help you arrange a corporate or individual voluntary arrangement, which will allow you the opportunity to try to trade out of difficulty.