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Request a meeting...Just because a company is experiencing financial difficulties, does not mean the business is beyond rescue. There are a range of business recovery and turnaround solutions which can be implemented to steady a company during times of financial worry, while ensuring it has the solid foundations needed to recover and return to profitability.
Every company is unique, each with its own pressure points and sector-specific challenges. Due to this, any process of business turnaround must be approached in a similarly tailored manner. At Begbies Traynor, we pride ourselves on adopting an individual approach to business rescue and recovery, ensuring a robust yet flexible plan in put in place which is suitable for the business in question.
For some companies, this may require nothing more than informal negotiations with creditors in order to agree a more affordable repayment plan. However, if debts have reached an unmanageable level, creditors are numerous, or the company is beginning to experience threats of litigation or are already involved in court proceedings, a more formal restructuring arrangement is likely to be required.
For those companies with existing finance arrangements already in place, it may be worth exploring whether this borrowing can be refinanced at a more competitive rate, lowering contractual monthly repayments, and immediately freeing up vital cash flow.
Call our Confidential Advice Line. Calls to this number are free of charge.
Call us now...We invite you to come and discuss your enquiry with us at your convenience.
Request a meeting...Call our Confidential Advice Line. Calls to this number are free of charge.
Call us now...We invite you to come and discuss your enquiry with us at your convenience.
Request a meeting...Call our Confidential Advice Line. Calls to this number are free of charge.
Call us now...We invite you to come and discuss your enquiry with us at your convenience.
Request a meeting...