Proven Business Recovery Services 

Companies are subject to constant forces of change both internally and externally, and usually the directors are able to make the necessary changes to maintain or improve trading performance. However, if deteriorations in trading are not rectified quickly the financial and consequently operational health of a company will begin to deteriorate.This is where a good business recovery service can help.

 

Early and mid-stage decline can usually be remedied by appropriate strategic, operational and financial changes. The business recovery service that Chamberlain & Co operate helps directors to identify the appropriate steps to take and assist in their implementation.

 

Writs, judgements and statutory demands or government bodies, local authorities and landlords taking walking possession of company assets, are all signs that a company has reached the later stages of decline and may require business recovery services.

 

At this point it is likely that the company will either have to reach an informal or formal arrangement with its creditor(s) as part of a business recovery strategy. We are able to assist in the preparation of a proposal to put to creditors. If it is to be a formal arrangement, a licensed insolvency practitioner with Chamberlain & Co may act as supervisor.

If a company, for whatever reason, proves to be beyond rescuing without the use of formal processes, we can assist the directors to select and implement the most appropriate formal insolvency process. Business recovery services and strategies are not always feasible, but they are always fully examined as an option.

 

Read our Frequently Asked Questions to find answers to commonly asked questions regarding corporate financial difficulties.

 

Companies who are insolvent or are experiencing cash flow problems have the following options:

 

Informal Insolvency Procedures:

  • Restructure business and/or finances.
  • Informal agreement with creditors.

Formal Insolvency Procedures: