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Liquidation and Business Rescue Advice in Sutton Coldfield
“Hello, I’m, Gareth Price, Partner at Real Business Rescue. Welcome to our Sutton Coldfield office where together with my fellow Partner, Mark Malone, we are here to provide expert business rescue, recovery, and turnaround advice to company directors.”
From our office in Sutton Coldfield, Gareth, Mark, and their team of insolvency and business recovery specialists, provide help and guidance to financial distressed limited company directors across the wider Birmingham area.
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Business distress can be experienced in a variety of forms and for a variety of reasons. Likewise, when it comes to devising a strategy for getting a company out of these problems, there is not one magic solution which will work for every situation. Instead, there are a variety of solutions – both formal and informal – which can be utilised depending on the individual needs and financial position of the company in question. By seeking the advice of a licensed insolvency practitioner, you can explore each and every option before deciding which is the most appropriate solution for your situation.
The important thing to remember is that, regardless of how serious you believe the situation to be, taking swift action at the earliest possible opportunity is vital. Not only will this increase the likelihood of being able to turn around the fortunes of your company, but it also ensures you are adhering to your legal responsibilities as the director of an insolvent company. Once a business becomes insolvent, directors are legally obligated to put their own interests to one side, and prioritise the interests of your creditors to shield them from any further financial losses. By taking professional insolvency advice at the first signs of insolvency, you are demonstrating your desire to do just this.
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Don't Worry - There are thousands of other company directors going through the same process. No matter what position you are in and need looking for options, speak to a member of the Real Business Rescue team. It's Free & Confidential. Get in touch with your nearest office today on 0121 6964 549
At Real Business Rescue Sutton Coldfield, we can talk you through your options which may include formal negotiations with creditors, restructuring of existing financial agreements, or streamlining the company to improve operational efficiency and highlight underperforming areas of the business.
Unfortunately, it may be decided that the company cannot be saved. If this is the case, we can talk you through the process of liquidation and explain what this will mean for your business, your employees, and also your creditors.