There is often light at the end of the seemingly darkest tunnel and at Real Business Rescue, our objective is to keep a company trading if it is viable to do so. Our corporate recovery experts have restructured and arrested the decline of thousands of businesses since the late 1980s and continue to lead the way in assisting company directors in times of financial distress.
There are a number of common rescue services which are summarised below:
BUSINESS FINANCE & FUNDING – 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.
COMPANY ADMINISTRATION – 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.
RECEIVERSHIP – This is another formal insolvency process which has become less common over the last decade since legislative changes made Administration the more appropriate solution but, for many companies that have debentures dating back before September 2003, receivership will apply if said company reneges on their Floating Charge agreement.
TIME TO PAY – Our expert business rescue team have over 25 years' 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.
16th January 2017 A construction business based in the Yorkshire city of Hull has been forced into administration after suffering sizable losses in recent quarters.
12th January 2017 A list of the 10 most curious and least persuasive excuses given by employers for failing to pay their staff the National Minimum Wage has been published by HM Revenue & Customs (HMRC).
6th January 2017 Colson Castors and Colson International has been entered into administration after being unable to maintain a viable financial position in recent weeks.
4th January 2017 The travel and package getaways company All Leisure Holidays has stopped trading and called in administrators after succumbing to financial crisis.
20th December 2016 The number of British businesses surviving by only paying off the interest amounts on their outstanding debts rose sharply in recent quarters.
Every day we help companies just like yours turn things around against seemingly impossible odds, regardless of your situation we can help. Find your nearest office today.