My Company Is Bust

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My Company Is Bust

Is Your Company Going Bust? What Are The Options?

 

My Company Is Bust - but there are still lots of options open to you.

“My company is bust” is a phrase that we hear everyday. It is uttered by businesses large and small. Every sector of the economy is now encountering problems as access to funding has dried up and the consumer spending boom ratchets back in. People who are afraid of their own debt levels and employment prospects decide to spend less on impulse purchases and instead consolidate their finances, by paying down debt or saving.

The effect of this is that sales on the high street suffer. This exacerbates the problem, meaning that these companies suffer a downturn in profits which results in them having to shed jobs to maintain profitability. Every day in the news another High Street chain closes or files for administration. Each one of these takes its supplies from British companies who either manufacture themselves or import from abroad. From textiles to estate agencies, from mobility scooters to dyers, everybody is having to tighten their belts.

For many there is nothing left to tighten. For others, the time they have to react is just too short.

However, for everybody there may be a solution. As with all things insolvent, timely intervention is the key. The earlier a solution is explored, the better chance it has of being successful.

We can offer solutions which include non insolvency turnaround, through dividend returning CVAs and Administrations to pre-pack sale administrations and liquidation to the straight forward liquidated closure. The fact that the limited company shell may have to close does not mean that a business dies. If you have a company that is bust then contact us, as a solution may be closer than you think.

If you would like to talk to a specialist with 17 years corporate insolvency experience then enter your details into the web form below for a no-obligation chat.

However, if you need help with personal debt (rather than business related debt) go to our free debt management plan application form.

 

 

 

 

We specialise in the following:

business debt factoring invoice discounting business bankruptcy business finance company bankruptcy voluntary arrangement pre pack administration

voluntary liquidation business liquidation wrongful trading business insolvency business rescue business turnaround pre pack liquidation

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