Recovery Solutions
Our Recovery Solutions team have significant experience in all aspects of recovery work dealing with both corporate and personal matters. The team will analyse the difficulties presented and explain the options available and those suitable to your needs. Upon instruction the team will act promptly, professionally and effectively.
We have developed a large network of business contacts and professional advisers to include bankers, solicitors and accountants. In many instances their professional advice has led to the rescue in whole or in part of ongoing businesses with the protection of employment for members of staff. Their work includes dealing with family run businesses to large PLCs.
Advice can be given in dealing with:
Administration – a recovery procedure to enable the rescue of a business in whole or in part as a going concern and to enhance the outcome for stakeholders generally.
Company voluntary arrangements – a procedure to enable ‘Recovery Solutions’ to assist with the restructuring of a company or to assist where a company may be encountering cashflow difficulties. This procedure enables the company’s directors to retain their executive powers and continue the business under the supervision of a Supervisor (an Insolvency Practitioner). The CVA procedure will enable creditors to benefit from profits and cash generated from the ongoing trade.
Advice to companies facing financial difficulties – Assisting directors in evaluating and implementing potential solutions to financial difficulties. This includes liaising with stakeholders.
Liquidation – Creditors Voluntary and Winding-up by the Court in respect of insolvent companies. Members’ Voluntary in respect of solvent companies, used for taxation and restructuring purposes.
Bankruptcy – assisting individuals with financial difficulties and acting as trustees.
Individual voluntary arrangements – advising individuals with financial difficulties to benefit from ‘Recovery Solutions’ to avoid bankruptcy which can achieve a better outcome for the individuals and their creditors.