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• 11 Mar

  Facing Insolvency

  

  If your company is facing insolvency it can be a lonely place, where it may feel like there is nowhere to turn. There is support available if you are worried about becoming insolvent.

  WARNING: Firstly, it must be made clear that there are strict UK laws against trading whilst insolvent. If you are insolvent you should consult a licenced Insolvency Practitioner immediately.

  Facing Insolvency

  We have contacts in the insolvency field and also in business turnaround. We can put you in touch with insolvency practitioners that will take a sympathetic view of your situation and try and help you turn your business around. They can work with you to plan the steps required to put your company back on its feet.

  Company Turnaround

  We have also put together a free Company Turnaround guide that sets out some ideas that might be useful if you are formulating a plan to avoid failure or becoming insolvent.

  The aspect of turnaround that we specialise in is finding you the finance to help you escape a difficult situation. If you are being pressured by creditors or HMRC, we may be able to arrange funding to alleviate the pressure.

  It may be that you need a combination of measures to help you, perhaps some guidance from a turnaround expert and some finance to stop the creditor pressure and create some breathing space.

  Businesses often think that no one will provide finance to companies that have poor financials, poor personal or business credit ratings or other adverse information such as CCJs, prior bankruptcies and defaults. That is not the case. Many mainstream lenders and funders will not help those type of businesses, but we have built a panel of finance companies that will help companies in poor financial shape. After all, that can be when you most need funding - to get you out of a bad situation.

  By Glenn Blackman