Companies
There are a number of reasons why a company might find be faced with financial difficulties. Problems can be caused by:
- the loss of a major customer
- fraud
- the erosion of profit margins
- poor credit management and bad debts
When times are hard, seeking advice early is crucial. There are a number of formal procedures
which can be initiated by creditors, directors and/or shareholders. In recent years, the rescue
and recovery of a business has become increasingly important - but finding the right procedure
for each individual circumstance requires timely advice from an insolvency practitioner.
The main options available are:
In addition, one of the ways to close down a solvent business and share out the assets requires the involvement of a licensed Insolvency Practitioner. Click the link below for more information:
If you would like further information or would like to discuss your options please call 01709 331300 or email info@moorheadsavage.co.uk
|
