Cooper Matthews Logo

Archive for May, 2011

Helping You Through Company Liquidation

Monday, May 30th, 2011

When you are so far into business debt that there’s nothing that there’s nothing left to do but liquidate, we can help. At Cooper Matthews, we have many years of experience in all aspects of dealing with business bankruptcy, and all the challenges related to the process.

While we would love to save every business we work with, this is not always possible. In such cases where the debt is so great that we can’t help save the business, we will walk you through each step of the liquidation process to ensure that it goes as smoothly as possible.

There are a couple of different types of liquidation, and we will help you to understand what they are, and which one is going to happen to your business.

Often, if you can see that the debt is too great to ever come out of, you can put the business into voluntary liquidation. This means that the choice was yours, and were not forced to do so. This is often better than what can happen if forced by your creditors to windup the business.
Compulsory liquidation is what happens when the business receives a court order stating that it must wind up the business. This is usually because creditors have complained and made a petition requesting that the company be wound up.

For some initial advice, ring us up and we will assist you in figuring out what to do next based on your specific situation. Let us help you through this difficult time in your career so that you can move on to new and better things.

Tags: , , ,
Posted in Business Debt | No Comments »

How We Can Stop Your Business From Winding Up

Tuesday, May 24th, 2011

Our approach is different. Where possible, we will always first try to keep your business from winding up. Saving a good business with the potential growth and success is our priority, so we will offer you aid in deciding what will work best in your situation. We always work with you on a personal level to make sure that only the most accurate advice is offered, no matter what the company financial trouble is.

In a time of economic hardship, it’s becoming harder and harder for small businesses to stay open. Cash flow tends to be low, and debts are more and more common. But local small businesses are vital to the recovery of our economy.

Our founding director, Derek Cooper, has 10 years of experience in corporate insolvency, 20 years experience in business management, and is a member of the Turnaround Management Association UK.

To get more of an idea on how we can help, try some of our business debt tools, or review some of the case studies including CVA, admin orders, Phoenixing, and liquidation cases.

We want to help you help your business. We will do all in our power to help you ge4t back on your feet to avoid the business winding up. However, if there is no way to save the business, we will be there for you to help you through the liquidation process. When you need a helping hand, and someone to help you understand every aspect of what’s happening, Cooper Matthews can help.

Tags: , , ,
Posted in Corporate Insolvency | No Comments »

Self Employed Business Debts

Tuesday, May 24th, 2011

Are you self employed and worried about business financial difficulty? When the bills are mounting, and income is low, you may not be sure where to turn for help. And if you work alone, or you are a small business owner with only a few employees, sometimes it may seem impossible to get out of business debt once you’ve gotten yourself into it.

Perhaps you’ve tried to get a bank loan to help pay off your debts but the banks won’t give you one? It can be frustrating when you don’t know where to turn for help, and you really want to save your business, but don’t know if you can.

If you need help with a debt management plan or company debt rescue for your self employed business, here at Cooper Matthews, we can help. We can give you debt advice, and help you figure out the best possible solution for your particular situation.

Some of the possibilities may include consolidation, individual voluntary arrangement, debt management plan, or bankruptcy. Of course, if saving your business is possible, we will do our best to advise you on how that can be done. But if it’s not possible, we can guide you through the other alternatives.

We have been helping small to medium sized businesses deal with debt for years, and our highly trained staff are friendly and knowledgeable. Try some of our debt solution tools on the web site, or contact us for more information by ringing us on: 0800 840 4042.

Tags: , , ,
Posted in Business Debt | No Comments »

Urgent Company Financial Problems

Saturday, May 21st, 2011

Whether you are in charge of the business, or you are simply an employee, if you know that the business you work for has urgent company financial problems, it’s time to get some business debt services.

Sometimes these problems seem to sneak up on you, and it’s easier to try to forget about them by keeping busy with something else. But if nothing is done, and the faster the better, eventually the business will go completely under and there will be no way to save it.

First, you will need to relay to us what is going on. Of course, i you are not the owner or manager of the business, talk to your supervisor or the business owner first before contacting anyone for advice. We will then be able to talk to you about the possible solutions for helping you to deal with the company financial problems.

When caught early, there is often plenty of possibility to save the business. Some of the possible ways to do so include: a company voluntary arrangement, an administration order, Phoenixing or pre-pack administration, and business refinancing. All of these are preferable to liquidation or bankruptcy, and we will do our best to determine which may work for your business, and help you to achieve it.

Find out how we can help your business by contacting us via the online form, or ring us to speak to a business recovery expert on: 0800 840 4042. Let us help you save your business so it can grow again.

Tags: , , ,
Posted in Business Debt | No Comments »

When You Need Business Debt Advice

Wednesday, May 18th, 2011

Is your business losing money fast? Are you in debt and don’t know how to get out? When you need business debt advice, you may not be sure where to turn. If this is your concern, Cooper Matthews Limited is here for you. Let us help you with business recovery, or business debt rescue services.

We work with small and medium sized businesses throughout the UK to come up with a solution that is right. We look with you at all the different possibilities for solving your business debt.

Initially we will get information from you to find out exactly what is going. We can then both help you to fully understand what is happening and how it can be changed. We’ll look at different possibilities and offer you some possible solutions. Then, if appropriate, we’ll have a meeting with you in person and give you more detailed business debt advice.

First there is the insolvency test. If your business is insolvent either you can’t pay the debts when they are due, or your company’s balance sheet shows liabilities in excess of assets. Either of these situations means that your business is insolvent and you need to work out what the best solution will be.

If you would like to get an idea of what solution might work for your business debt, why not try using our Business Rescue Solution Analyser tool? This can help you determine what can be done for your business, but should not be used a sole source of advice.

Tags: , , ,
Posted in Business Debt | No Comments »

Face Facts and Move Ahead

Sunday, May 15th, 2011

Not all of our clients are in dire straits; many are simply unsure as to the best course of action in terms of a struggling business. Are there hidden costs they can’t see? Could their debts be repaid more efficiently? Our business debt analysis services works as a kind of forensic tool, picking apart the complex workings of your businesses financial comings and goings to make sure company cash flow problems are addressed, creditors repaid and bankruptcy avoided in as many cases as possible.

On a Financial Knife Edge

Accepting the reality of debt can be difficult, particularly in the cases of family-run companies or businesses a director has spent a lifetime serving. Always holding out for the next contract, next sale, or next big customer is a sign your company could use a little financial wisdom in the form of our business debt analysis.

The Bank Won’t Help

When the bank step in and stop paying cheques, increasing overdrafts and affording credit to your trade account, cash flow problems will likely result. This is the time to make or break. Our services prevent you burying your head in the sand with regard to debt, providing workable solutions through astute financial analysis.

Legal Issues

If you’ve begun to receive CCJs or Court Summons’ regarding creditor debt, it could soon be your reality that forced company bankruptcy is on the cards. We’ll do our best help you deduce and accept the most beneficial solution for all parties involved.

Tags: , , , ,
Posted in Business Debt | No Comments »

A Validation Order Could Ease Creditors and Pending Winding Up Petitions

Thursday, May 12th, 2011

If you’re currently under the yoke of a Winding up petition from any of your creditors, our business debt services could still pull something out of the hat at the last minute. Winding up petitions are commonly implemented against Limited companies with business creditor problems. The creditor then petitions to the Local or High Court for the in-debt company to be forced into liquidation.

Winding up petitions are a serious issue, but they’re not in themselves the final nail in the coffin. It may still be possible for your company to unfreeze bank accounts and allow sale of assets via a validation order.

A validation order would be granted to your company by the Courts if you can prove that financial access to your company accounts and assets would be in the best interest of the creditor. For example, perhaps the sale of certain assets would allow complete or partial repayment of the debt. Or maybe the selling of assets combined with payment of workforce to allow completion of a contracted order would create enough capital to pay the petitioning creditor.

If you’d like advice concerning application for a validation order, handling business creditor problems or any of our other business debt related services, take a look through our comprehensive online guides and fill in an online enquiry form. Or, for a more personal touch, contact us today on 0800 8404042 to speak to one of our skilled team.

Tags: , , ,
Posted in Business Debt | No Comments »

We Can Help You at the End of the Road

Monday, May 9th, 2011

In school we all learned that the best laid plans of mice and men often go awry. With the best intentions aside, some businesses simply live out their lifespan and become financially impossible. Our business debt services strive to keep your business functioning and repaying debt for as long as possible, but if company debt rescue fails, company bankruptcy could be the most pertinent option on the table. So, how does it work, and what are the options?

Voluntary Liquidation

This is a process whereby the directors of a company put the business into liquidation with the assistance of a licensed insolvency practitioner. There are two types of Voluntary Liquidation – Members Voluntary Liquidation (MVL) is implemented when the directors feel the company is solvent but they no longer wish to trade. Creditors Voluntary Liquidation (CVL) tends to be the common step when directors and shareholders choose to liquidate the company due to insolvency.

Compulsory Liquidation

A court ordered company bankruptcy measure commonly implemented by creditors following up on serious debt of a Limited company.  The creditor must present a Wind Up Petition to the Local or High Court in order to seek compulsory bankruptcy of the named company.

Our fees tend to be set up so as not to place more undue pressure on companies heading down the road of bankruptcy. Fees paid are usually deducted from the standard financial arrangement a company enters into, meaning you won’t be overshadowed by further debt.

Tags: , , ,
Posted in Business Debt | No Comments »

Pacify Creditors with Sound Business Debt Advice

Friday, May 6th, 2011

Business creditor problems can stem from any number of circumstances; bad judgement, rising costs, illness and good old fashioned rotten luck tend to be key players. A lot if our clients are still suffering the ramifications of the recent recession, with fresh company debt problems heaped onto the pile. So, when business creditor problems are overshadowing your company, what are the options?

Individual Voluntary Arrangement (IVA)

This type of payback system is ideal for company debt problems that are currently just getting shy of being manageable. An IVA allows you to pay back debt in voluntarily devised monthly amounts for a period of up to five years. IVAs are not suited to all financial situations, but could make all the difference when you predict creditor debt potentially spiralling out of control. The IVA is a legally binding agreement between you and your creditors.

Administration Order

In laymen’s terms, think of an Administration Order as a “pause” button. It allows your company an allotted amount of breathing space in terms of creditor repayment, time to manage your debts following a business debt analysis, potentially restructuring your company or attempting financial recovery free from creditor pressure.

Business Refinancing

This can take numerous forms, including Asset Refinance, Invoice Financing, Payroll Finance and Trade Finance.  A thorough business debt analysis from our expert advisers can help us identify – together – the most workable refinancing solution for your company.
Have you taken a look through our Case Studies and other blog entries to help you better understand the options in terms of relieving the burden of business debt?

Tags: , , ,
Posted in Business Debt | No Comments »

Minimise Company Cash Flow Problems with Business Debt Analysis

Tuesday, May 3rd, 2011

Although the short term future can often seem bleak in times of financial instability, the long term prospects of struggling businesses could be predicted, professionally ratified by our own financial analysts and expertly handled in lieu of the determined outcome.

Business debt advice in the form of professional business debt analysis can help our clients see more clearly through the mists of hard times. It could be that company cash flow is being impaired by a factor unidentified by those within your company, and this is where our expert service really comes into play.

Business debt analysis is a fairly simple premise for laymen to get their heads around. Our expert financial advisors will take a forensic accountancy approach to your company’s financial records, making comprehensive reports along the way to help you and the relevant interested parties in your company better understand the scope of company debt, potential future paths to solvency and the extent of threat posed by bankruptcy.

In those happy circumstances where company cash flow problems can be relived, our business debt analysis will serve as a reminder and guide during future times of hardship, hopefully helping you and your staff to spot potential fiscal woes before they become a damaging issue.

Seeking business debt advice isn’t just for those in dire straits. We offer our services to companies and individuals of all sizes, types and business models to make sure you always have helping hand when debt worries loom.

Tags: , , , ,
Posted in Business Debt | No Comments »