Rescue and recovery

It is a well known fact that many business failures could have been avoided if the owners had taken the right advice at the right time. Some of the commonest causes of company collapse are bad debts, reduced demand, excessive borrowing and decreasing liquidity. All too often business owners do not face up to these problems until it is too late.

Moreover, directors who ignore such problems run the risk of committing offences under the Insolvency Act such as fraudulent trading misfeasance, wrongful trading and preferential or undervalue transactions – for which the penalty might be disqualification, or worse!

The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice a company may be saved from liquidation or administration, particularly if there is a genuinely profitable core to the business.

Our team of trained professionals can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. In some cases we can refer you to a registered insolvency firm who may advise that you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.

Interested?

Then either:

A. Call Tim O’Keefe or Martyn Newton for a free consultation to see how we can help on 0117 923 7788
Please note that phones are answered between 8.30am & 5.15pm Monday to Friday

OR

B. Fill in your enquiry below and send it to support@acklands.co.uk