Its not a nice subject to talk about, however, there are times where things do not go to plan. It may be the result of a bad debt, a contract gone wrong or a shift in the market. If a problem like this is recognising swiftly then a range of solutions and options may be available to the company.
Solutions such as a Company Voluntary Arrangement or CVA will allow the company to continue to trade, whilst repaying the company creditors at an affordable rate. The assets of the company can be protected and the historic company debts paid back over a fixed period of no more than 60 months. Other options include Creditors Voluntary Liquidation and Administration which would involve the closure of the company or the sale of the business .
Please contact us for more details. We can arrange for a consultant from the firm of specialist Insolvency Practitioners we work with to visit you at a time that suits you, even at weekends or out of hours. Again all discussions are in total confidence.