It is a fact of life that some business will thrive and prosper while others will stumble and fall. Common causes of business difficulty include increased competition, changes in legislation, customers delaying payment, cost increases which can’t be passed or banks withdrawing support.
The key to success for any business in trouble is to seek professional advice sooner rather than later. For more than 20 years Hart Shaw’s Business Recovery & Insolvency team have been helping business to recover from their financial problems. We offer independent unbiased advice and will work closely with you to develop a practical solution to your business’s problems, whether it is through a formal insolvency procedure or by way of an informal restructuring.
The options that are available will depend on whether the business is a Limited Company or an unincorporated business such as a Sole Trader or Partnership. The above links set out the options that are available and the assistance that we can provide.