In businesses where financial problems means the risk of failure is very high, seeking turnaround advice as soon as possible can significantly increase the prospects of survival.
By working alongside management – and being able to gain support from lenders, landlords, customers, suppliers and HMRC – Poppleton & Appleby’s Business Recovery Specialists can be crucial in identifying the causes of a business’s problems and implement solutions to turn the position around.
Our solutions may include:
- Negotiating time to pay arrangements or even debt forgiveness agreements with creditors
- Disposal of under performing or non-essential business assets
- Identifying new or more appropriate funding to ensure the long-term survival of the business
Where appropriate, we work alongside the existing advisor’s but can also bring in experienced finance directors, either on a part-time basis or short-term assignments, which can often help rejuvenate a struggling business whilst existing management concentrates on moving the business forward.
For more information about our business recovery and insolvency services please contact us.