Financial pressures have a wide-reaching impact and can be stressful and worrying for all concerned. If your business is experiencing financial difficulties, it is important that you ask for support as early as possible in order to maximise the options for your business and its chances of recovery.
Seeking the right advice from insolvency solicitors who are specialists in their field and who understand the commercial reality of the situation you are in is important in ensuring the best outcome for you.
Aside from the financial aspect of insolvency, there are a number of other factors you need to be aware of that affect you directly, including:
Insolvency does not necessarily mean the end of your business. It is possible to purchase the assets in order to continue trading with a different entity.
We also provide assistance with:
Our priority is to furnish you with the information you need to comply with your duties, and to understand the implications for you personally in the event that the company you manage is in financial difficulties.
If you are facing a claim, we will provide clear advice and practical solutions and fight on your behalf to secure the most cost-effective resolution. If you want to continue the business as a new entity, we can turn around a business sale quickly using jargon-free short form agreements.