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.
5th April 2018 Real Business Rescue recalls some iconic high street names which have unfortunately deserted us in recent years. How many can you remember? And who might be next?
29th March 2018 The group which owns Bargain Booze is on the brink of entering administration after failing to raise the emergency funds required to resolve a severe cash flow crisis.
29th March 2018 The government has outlined a series of proposals that it hopes will help to tighten up rules around corporate governance in insolvency scenarios throughout the UK.
28th March 2018 David Sullivan, the co-owner of West Ham United, has been adjudged at a tribunal to have used the football club to avoid paying £700,000 in taxes. The matter relates to a £2 million transfer of funds
22nd March 2018 Carpetright is looking to close some of its most unprofitable stores as it considers entering a company voluntary arrangement (CVA) rescue deal to avoid becoming the next British high street retailer
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.