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.
With its valuable IP and brand, we were confident that a buyer would quickly be found for MSS. As part of Environmental Engineering, the business and its staff and management have a more secure future. With its strong reputation for outstanding design capabilities and quality of service, Environmental Engineering provides an ideal fit, enabling MSS to grow.Read the Case Study View all Case Studies
17th May 2017 As many as one in four SMEs throughout the UK are reliant to some extent on the services of ‘gig economy’ workers, according to new research on the subject.
11th May 2017 Small companies throughout the UK could be facing a “business support black hole” in the next decade if funding currently allocated to them from the European Union is not replaced after Brexit.
2nd May 2017 The number of company directors who have been banned from leading or forming businesses for five years or longer reached a six-year high during 2015/16, according to the latest figures on the subject.
27th April 2017 A major creditor to Bolton Wanderers has issued a winding up petition against the football club in relation to a £5 million loan given to the organisation last year.
26th April 2017 HM Revenue & Customs (HMRC) officers have raided the offices of two of England’s largest and best known football clubs over issues relating to suspected income tax and national insurance (NI) fraud.
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.