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.
Unfortunately, Alatas was a victim of unforeseen changes in market conditions. However, with its strong reputation within the sector as a one stop shop for engineering and hydraulic repairs, we were confident that it had a viable future. “Having undertaken an accelerated marketing process, we were swiftly able to conclude a sale which not only enabled the business to continue to trade, so saving jobs and contracts for suppliers, but also realised the best return for creditors.Read the Case Study View all Case Studies
25th July 2017 Big companies could soon find themselves being fined for failings in relation to labour laws identified at businesses within their supply chains.
19th July 2017 Bolton Wanderers has been issued with a winding up petition from HMRC that marks the latest flashpoint in an apparently ongoing saga of serious financial difficulty at the football club.
18th July 2017 Confidence among UK business about their prospects for the coming year reached a six-year low in recent weeks amid concerns about Brexit and rising inflation.
14th July 2017 The process of chasing after overdue payments from clients is costing smaller businesses around the UK a collective total of around £2 billion per year.
30th June 2017 An unprecedented number of applications were made for judicial reviews against HMRC during 2016, according to the London-based law firm RPC.
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.