Rescue and Recovery

Business Rescue Advice from Tuchbands Accountants

Experiencing business difficulties? Let us help you.

It is a well-known fact that many business failures could have been prevented if the owners had acted at the right time. All too often business owners do not face up to problems such as bad debts, reduced demand, and excessive borrowing until it is too late.

The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice, a company may be saved from liquidation or receivership, particularly if there is a genuinely profitable core to the business. Remember, many businesses problems are not actually as bad as first anticipated and simple changes can amend the issues and avoid more formal insolvency processes. We can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow.

We offer positive, non-judgemental strategic advice which looks at the future viability of your company, finance options for additional lending, as well as corporate restructuring.

Other options we can discuss with you include:

  • Administration/Administration Receivership
  • Company Voluntary Agreement (CVA)
  • Liquidation

In some cases, we can help you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.

Weighed down with debt? Chased by creditors for money you can’t pay? We work closely with quality insolvency practitioners and can help you set up a CVA with creditors which will allow you to keep trading with a new repayment scheme agreed. This could see you improve your cashflow quickly, terminate leases and contracts with no cost, and lets you and any shareholders stay in control of your business.

If your business is insolvent, we can protect you from creditors through administration. Speak to us for help reconstructing and, ultimately saving, the business. Quick and efficient, administration is an excellent option for struggling businesses. Potentially, there may be no choice but to stop trading. We can take measures to protect your existing assets and discuss liquidation in a professional, understanding matter.

We are also here to offer advice and support if you have been issued with a winding-up notice.

Find out more about our fees

Whether you are a start-up or an established company, for professional, friendly accountancy services and advice contact the Tuchbands team on 020 8458 8727 or info@tuchbands.com.