Restructuring and Closure Advice in Plymouth: Clear Options for Directors
“Even a company that is technically insolvent isn’t necessarily beyond rescue. From our Plymouth office, my team works with company directors across Plymouth and the wider Devon area, and the right strategy depends on your debt level, ability to repay and future viability. That could be a sustainable repayment plan, administration to create breathing space if creditors are threatening action, or an orderly closure that treats creditors and employees fairly.”
– Julie Palmer, Licensed Insolvency Practitioner
From our office in Plymouth, Julie and her team assist companies across Plymouth each and every day. Whether you need help and advice with business performance issues, cash flow worries, or formal insolvency proceedings, we are here to help.
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There are a number of different business rescue strategies which can be implemented depending on the company’s debt level, ability to repay, and likely future viability. A licensed insolvency practitioner can guide you through the various options available before identifying the most appropriate one which will be able to help your company.
Get in touch
Whether you are thinking about closing your company, looking at your restructuring and refinancing options, or need advice on dealing with your creditors, your local Real Business Rescue office is here to help. Get in touch with your nearest office today on 01752 648 290
Some businesses will require nothing more than a manageable and sustainable repayment plan being put into place to better help it manage its debts. Other, however, will require more professional intervention particularly if creditors are threatening legal action. In this instance, placing the company into an administration process could provide the breathing space needed while a more permanent solution is decided upon.
Unfortunately, some companies will be beyond the point of rescue, and in this situation, we can discuss your options for closing a limited company in an orderly manner while ensuring creditors and employees are treated fairly and in accordance with the Insolvency Act 1986.
Whatever situation your company is in, the Real Business Rescue Plymouth team are here to help. Contact us today to arrange a free no-obligation consultation.
