Sometimes a company’s decline needn’t be terminal. If you’re looking to close a previously viable business, you may want to consider whether it is worth trying to breathe new life into it.
UKLiquidators have a wealth of experience in restructuring and reviving UK companies across numerous sectors and our objective is always to help a director keep his/her company trading if it is viable to do so.
We have arrested the decline of thousands of businesses and continue to lead the way in assisting company directors in times of financial distress.
Some common rescue solutions include:
We work with over 50 specialist lenders who are particularly forthcoming to companies who may have been refused finance by their bank, or have hit upon hard times and need a cash flow injection to get a viable business back on the road again. We can help you attain that critical funding even if you’ve had prior rejection.
Administration is a common process which enables a viable but struggling business to continue trading but undergo key restructuring to make it profitable once again. We have hundreds of administration case studies from small businesses to huge multinational corporations and we can assist in this manner if your company is suffering with operational expenditure but has potential going forward.
There is also the potential option of a pre-pack administration a pre-pack administration which would see the pre-arranged sale of an insolvent company’s assets to a third-party (sometimes the company’s own directors).
COMPANY VOLUNTARY ARRANGEMENT
Commonly known as a CVA, a Company Voluntary Arrangement is a formal insolvency procedure which ring-fences your company and protects it from creditor pressure during times of financial distress. An insolvency practitioner will recommend a CVA if he/she believes that the business has a viable future and a realistic prospect of recovery.
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Our expert team have huge experience negotiating with HMRC and helping to secure breathing space for companies in financial peril. If your company is struggling with tax liabilities, contact us today.