Today's difficult economic environment has placed many businesses under cash flow pressure and we can assist directors and shareholders of companies in financial difficulties to make the correct decision regarding the future of their businesses.
In many cases it is possible to make an arrangement with creditors so that the company can continue to trade it's way out of difficulty.
If a company has no reasonable means of survival we can offer a cost effective way of liquidating the company and assessing the possibility of the directors being restricted by the ODCE. In the majority of cases directors are not restricted.
Either way it is essential that directors get the correct advice in a timely manner when a company is in financial difficulty.