Positive alternatives to business closure
Closing your company doesn’t have to mean the end of your business. The key parts of your business could move to a different company so you can continue to trade without unaffordable debt.
If part – or all – of your business can be rescued, we’ll work with you to achieve it.
Formal and informal options
There are a wide variety of tools we can use to rescue a business, depending on your particular circumstances.
Informal negotiation is the first stage. We’ll make contact with HMRC, creditors, customers, financiers and employees to secure breathing space and allow us to create a short – or long-term – solution.
A formally negotiated plan can be introduced through a Company Voluntary Arrangement. This will offer creditors the opportunity to benefit from the future trading of the business, even though they might not receive the full repayment of their debt.
Whatever the situation, we’ll work with you to understand your goals and find the best way forward.