Business rescue and restructuring
Start with viability
Can your company generate enough cash to meet its commitments after changes are made?
We review cash flow, margins and creditor pressure, then help you compare practical rescue options. Formal appointments require an authorised insolvency practitioner.
Compare the available routes
Improve trading
Review loss-making work, overheads, stock and collections.
Negotiate with creditors
Explore affordable repayments for a viable business.
Explore a CVA
Assess whether the company can sustain a formal repayment proposal.
Consider administration
Consider formal protection and possible rescue outcomes.
New borrowing is only useful if the company can afford it. It should not be used to postpone an unavoidable decision without a credible recovery plan.
Plan for the unexpected
- Map confirmed income against essential payments.
- Include tax, payroll, rent and restructuring costs.
- Test slower collections and lower sales.
What to prepare
- Recent accounts and bank balances.
- A creditor schedule, including tax and finance arrears.
- A short cash-flow forecast and details of any funding offer.
- Major customer and supplier contracts.
- Legal notices and the dates by which a response is required.
Common questions
Sometimes, but viability, funding and creditor interests must be assessed. Insolvency does not automatically mean every business activity has to end.
A discussion alone does not suspend enforcement. Any agreement or formal protection needs to be established; urgent notices should be addressed immediately.
Compare an orderly closure with continued trading. The effect on creditors, employees, company assets and director responsibilities needs to be reviewed.
Further reading: official GOV.UK guidance. General information; procedures and advice depend on your circumstances and jurisdiction.