Informal Solutions
Running a business can be lonely when things get tough. We can offer advice and support to help your business through financial difficulty, offering advice and help with informal arrangements to help ease the financial pressure on you.
Business Advice
Good quality business advice at an early stage can be hugely beneficial and make the difference between success and failure.
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Informal Arrangements
There are many many options for businessowners and it may be you don’t need a formal solution, just a helping hand.
Learn MoreFormal Solutions
If your business is in more serious financial difficulty, there are formal solutions that can help protect you and your business from creditors. Here are just some of the possible solutions we can arrange for you. We know every business is unique however, so please contact us to discuss what options might be right for you.
Moratorium
This is a formal process that gives you a breathing space where no company or individual can raise action against you to recover any debt you are due.
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Company Voluntary Arrangement (CVA)
A CVA is a formal legal process which allows you time to pay debt that has built up and to set new terms with your suppliers and other stakeholders.
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Administration
An Administration is a formal insolvency process where an Administrator is appointed to protect a company trade and assets and stave off debt recovery action/liquidation.
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Pre-Pack Administration
A ‘Pre-Pack’ Administration is a procedure where an Administrator is appointed to enable a company to sell it’s assets to a pre-arranged buyer.
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Liquidation
A liquidation is a formal insolvency process which brings a business to a close. It may be that you have already ceased trading but do not have sufficient assets or funds to meet all the business commitments.
Learn MoreFree Financial Review
If your business is experiencing financial difficulties contact us today