“Welcome to the Fareham office of Begbies Traynor. We are a team of licensed insolvency practitioners here to provide expert help and advice to company directors and sole traders experiencing financial distress.”
From our Fareham office we help companies across the south coast facing business performance concerns, creditor pressure, and the threat of insolvency. When it comes to managing business distress, there are a range of options available, and we are here to point you in the right direction.
If you are dealing with mounting financial and operational problems, remember that many companies will experience these worries at some point; it is an unfortunate part of business and does not necessarily mean that the company is destined to fail. The key to turning around such a situation is to seek expert business rescue and recovery advice as the earliest signs of distress; the sooner options are considered, the greater the likelihood of a turnaround attempt being successful.
Business rescue is not a one size fits all process. Indeed, there are a number of restructuring options available to financially distressed businesses, our team of experts are here to identify the most appropriate strategy for your company based on its current position and likely future prospects.
Some businesses may be struggling to meet their current liabilities despite still enjoying a healthy turnover. In this instance, a Company Voluntary Arrangement (CVA) could help lower your monthly financial burden, while still ensuring your creditors are satisfied. Alternatively, introduced a new source of capital to the company through external funding, may be what your business needs to improve its cash flow position. We will take the time to assess your company and highlight its unique pinch points, allowing us to recommend a bespoke course of action.
If you no longer have the desire to continue trading, or if it is judged that its financial problems cannot be overcome through restructuring, we can help you to explore what placing the company into liquidation through a Creditors’ Voluntary Liquidation (CVL) process would mean. Once appointed, we will handle the entire liquidation on your company’s behalf which will include making financial distributions to creditors, as well as liaising with those who cannot be paid.
2nd Thoughts Ltd, trading as Ellie Louise and Happit, was sold by our Leeds team after this long established chain fell victim to the retail sector downturn. Moving quickly they secured a buyer three …Read more →
The Company had relationships with some national house builders as well as smaller Companies. They had experienced cash flow issues due to slow paying debtors and this meant that they had fallen beh…Read more →
The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second highest distress level ever recorded by this research.Read more →
A language school in Liverpool which has taught thousands of international students for more than 20 years has ceased trading and entered voluntary liquidation.Read more →
Scott Kippax has been promoted to partner at Begbies Traynor Group’s Exeter office, taking the reins at the firm’s Balliol House premises in the city.Read more →