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 and help the process of business recovery. Typically, we are contacted by SMEs.
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 a business recovery plan 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 professional advisors, but can also bring in experienced finance directors, either on a part-time basis or short-term assignments. This 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.