Next level
Insolvency + Restructure Advice
Are you facing business difficulties
and need advice?
We understand that you may be exploring your options about continuing your business. We specialise in assisting businesses that are facing financial difficulties.
For a lot of businesses there will be a range of issues impacting your business, and during this time we understand that it may be stressful or difficult to manage the competing priorities, this is where we will help you through the process.
Where necessary we will arrange a team of professionals to assist you through the process, whether these be bookkeepers, accountants, lawyers or insolvency practitioners, we will find the best people to help you through the process.
Our Process
We will have a primarily discussion with you about the situation, what notifications you have received or where your business is currently tracking and what you would like from a restructure process.
We will explain the process ahead including what information we will require from you, including trading, financial and any relevant information that can assist us in helping you through the process.
Depending upon the severity of the situation we will arrange a second meeting within 2 days to further understand the situation and to devise a strategy.
In order to assist us in preparing a strategic plan we will require information from you including;
We will provide you a simple list after our conversation to get the process underway.
Our strategic meeting will be as soon as practical from our first conversation and we try and undertake this face to face.
Prior to this meeting we will send a comprehensive agenda including our standard engagement terms.
From this meeting we will have a preliminary process being;
This meeting is generally two to three hours, and depending upon your location will generally be face to face at a location preferable to you. We can organise meeting locations if your premises is unsuitable.
Part of the strategic meeting will be a discussion around the viability of your business and the ability to trade out, this element of the strategic meeting will be exploring the viability of your business should we undertake a restructure.
Our mantra is that we will not restructure a business where there is no longer term viability, this is a critical part of the restructure process, and in order to ensure that we give you the best advice possible we will explore what steps need to be taken to improve your business.
This will involve;
As part of this process we will identify the opportunities in your current business, what your options are, and what a future business looks like.
We offer a complimentary first discussion and once we have been provided information we will quote the project, depending upon the complexity of the project.
We charge a small fee for the strategic planning meeting, this is charged prior to the booking of the meeting.
Any third party engagements are on a direct contract basis, we do not receive any financial benefits from any referrals we make to third party firms.
Want to Know More?
We have worked with several businesses that have faced financial difficulties and traded out,in all cases it is a process that is different for every business. We will give you a realistic analysis of the situation whether this is to keep trading, restructure or close your business.
The answers may not be positive but we undertake to be honest, direct and blunt with you about the options for your business.