Recovery Plans

Miss S. Haynes, London

“I thought Liquidation would be the only option but your review looked at every part of the compnay and highlighted so many areas for improvement.”

A well constructed business recovery plan allows a company to improve its cash flow situation and trade out of insolvency. This is clearly the ideal scenario and should be the focus of any initial consultation.

The directors may be able to create an internal business rescue plan themselves if areas for improvement and cost savings are apparent. The new financial strategy should then be communicated to all the companies’ creditors so that they are kept in the picture.

This can often clear the air and give the company a new focus however it may be sensible and even cost effective to employ the services of a specialist Insolvency Practitioner.

There are important legal issues to be considered and areas (such as tax savings) that may not have been considered are often identified. The costs of an external recovery plan are usually offset by the additional costs savings that are made.

The Insolvency Practice specialice in formulating business recovery plans and can help turn your business around. We will examine every aspect of your business and can implement a fast and effective action plan. The peace of mind this brings is considerable too.

Key Features:

  • Offers transparency to the board, creditors and employees
  • Can be an internal plan or an external plan. We can offer further advice on both options
  • Does not involve any formal legal proceedings

For many companies, a Business Recovery Plan is a very realistic course of action to take.

To find out the best option for your business try our free...

Case Study 1 – Security Services Company

Contracts had not been costed properly and the accounting system was non existent. The company was leaking money and when we scratched the surface it was clear that large debts had built up.

Case Study 2 – Builder

The downturn in the housing market saw a major change in fortunes for this company. Contracts disappeared and existing projects were scaled back. Having taken on employees and bought additional equipment during the housing boom this left the business in an impossible situation.

Case Study 3 – Florist

Like most businesses this limited company saw a fall in sales as the recession took hold. Flowers were seen as a luxury item and with money tight customers dried up. The bigger wedding and corporate buyers also began to spend less.