Tough economic conditions can place increasing pressure upon businesses of all sizes; a reduction in customer footfall or orders, increased costs and tightening loan facilities are some of the challenges facing today's business environment.
We can provide invaluable services to businesses of all sizes, whether it be a sole trader or limited companies. Our Business solutions may take the form of a financial solution or Insolvency service, we will outline all possible options applicable for the business based on the Business Appraisal document and a face to face meeting.
Financial Solutions:
Asset Finance
Invoice Discounting
Factoring
Trade Finance
Commercial Mortgages
Business Angels
Insolvency Services:
Company Voluntary Arrangements
CVAs can allow a company that is either profitable or saleable to maximise returns to its creditors. The CVA allows the company to repay some or all of its historic debts from future profits.
Individual Voluntary Arrangements
An alternative to Bankruptcy proceedings, an IVA allows the individual to make a formal legal arrangement with their creditors over a designated period, usually 5 years.
Bankruptcy
Bankruptcy is an option that often has to be considered when an individual cannot pay their debts as they fall due. A first time bankrupt with debts will generally receive their discharge one year after the date of the bankruptcy order (there is the possibility that in some cases the bankruptcy discharge period will be less than one year)
Administration
A powerful process for controlling an insolvent company that is facing serious threats from its creditors. The courts may appoint an Insolvency Practitioner as Administrator who will explore all the possible options for the business.
Liquidation
Applicable to both companies and partnerships the liquidation realises the assets and usually results in the closing of the business. There are three types of liquidation; Compulsory, Creditors Voluntary and Members' Voluntary.
Sole Trader Protection Scheme
A unique service to us for Sole Traders that are taking the bankruptcy route and have mortgage arrears or a pending repossession. We will seek to issue a proposal to the mortgage company in order to potentially hold off repossession.
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