When most companies first start to experience financial difficulties, the first thing many of them do is to take out a loan. However, loans are often only short-term solutions which frequently create more debt problems in the long -term. In such situations, it is better to deal with the root cause by employing insolvency experts who can help to create a company debt rescue plan.
Business recovery services
Here at Cooper Matthews, we offer business recovery services which can help companies to identify how they need to change in order to become financially viable once again. We see compulsory and voluntary liquidation as very much a last resort and strive to do everything we can to avoid this and help companies live on to fight another day.
There are several different company debt rescue options: Company Voluntary Arrangements (CVA) can be put in place to re-arrange a company’s debts to ensure they can continue to operate normally. Administration Orders can be employed to re-organise how a company functions to increase financial growth; and Phoenixing processes can be applied to help a company eliminate its established debts in order to start again afresh.
Perpetual borrowing (and lending) can leave many companies needing business recovery services. Here at Cooper Matthews, we can offer business rescue ideas, such as Business Refinancing, which can help companies to manage and borrow finances in ways that are more controlled and accountable. To learn more about our services, get in touch with us today.