The British economy contains a multitude of small enterprises and they do a lot for the country in terms of wealth creation and the provision of employment. Unfortunately, they are often particularly exposed when the economy is performing sluggishly or when there is a great deal of uncertainty about the country’s future prospects. If a supplier goes bust, if a worker falls sick or if a significant order is lost, a small company can soon be on the brink.
At Cooper Matthews we are very conscious of the particular pressures that small businesses face. Furthermore, we appreciate that the difference between success and failure can be very slight for firms of this sort. We know that many businesses that receive the correct advice in time can emerge as profitable concerns of the future.
It is important for small companies to get specialist business debt advice which is tailored to their specific circumstances. An Insolvency Practitioner has the ability to come up with crafted responses to particular problems. Company recovery is not likely if a thorough assessment is not carried out or if an ‘off the peg’ measure is implemented. The main thing is that the job is carried out properly so that the firm in question has an interval in which to get its house in order.
Sometimes, it is sadly not possible to prevent a company from being liquidated. However, former directors can still bid for assets which used to belong to their enterprise. Getting the right advice can thus enable some good to come from undesirable situations.
company debt rescue, business debt advice, company recovery