Can normal trading produce sustainable cash and profit?
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The right process follows the right diagnosis.
We begin with the commercial position, not a preferred procedure. The analysis considers viability, cash, assets, creditor pressure, employees, funding and what the board wants to achieve.
Creditors' voluntary liquidation (CVL)
Close an insolvent company through a director-led statutory process.
Administration
Protect value while pursuing rescue, sale or a better creditor outcome.
Company voluntary arrangement (CVA)
Compromise historic unsecured debt while a viable company continues trading.
Compulsory liquidation
Respond to a statutory demand or winding-up petition within the available timetable.
Informal restructuring
Review cash, funding and stakeholder options before a formal process is required.
Members' voluntary liquidation (MVL)
Settle liabilities and distribute remaining value from a solvent company.
Choosing a route
Six questions shape the recommendation.
A procedure should only be recommended after the likely outcome and practical delivery have been tested.
Has legal action reduced the time available to plan?
What working capital and professional funding are available?
How can assets, contracts, goodwill and jobs best be protected?
Which parties control the timetable and what outcome can they support?
What duties, guarantees, loan accounts or conduct issues need attention?
Informal restructuring
A formal appointment is not always the first answer.
Where the company is viable and sufficient time remains, the board may be able to improve cash control, negotiate with creditors, seek finance, dispose of non-core assets or implement an operational turnaround.
Typical workstreams
- Short-term cash flow and funding review
- Creditor and HMRC engagement
- Cost reduction and working capital measures
- Asset and business sale planning
- Contingency planning if the turnaround is unsuccessful
A useful first step
Start with the facts, then choose the route.
Answer a small number of questions about the pressure facing the company. The initial discussion is free and without obligation. Fees for any formal work are explained before an instruction is accepted.