Business Recovery - ABR
Armida Business Recovery work to provide solutions for both businesses and individuals who face financial difficulties.
There are many reasons why businesses fail, but in our experience there are often a number of advance warning signs which could signal potential problems. These may include problems with collecting payments, or increasing cashflow difficulties.
If such signs are acted upon quickly enough, it can be possible to put in place measures to manage the situation and rescue an ailing business.
Similarly, a significant number of individuals find themselves in a situation where they are facing debts which they are unable to pay. If this is the case for you, we can help by providing positive, practical advice on the options available to you.
How the service works
We will begin by undertaking a comprehensive review of your business or personal situation and offering the appropriate advice, wherever possible recommending appropriate measures to aid recovery, such as rescheduling payments and re-financing.
Our team is sensitive to our clients' needs and has a wealth of experience in analysing the appropriate financial data.
Business recovery solutions
Wherever possible, we will suggest solutions that will allow your business to remain a viable proposition. We can help you in such areas as:
- Producing an objective business plan
- Raising finance
- Downsizing operations
- Negotiating with creditors and bankers
- Advising on Moratoriums, Voluntary Arrangements and Administration Orders
- Acting as receiver or administrator if appropriate
For more information on how our business recovery services can help your firm, please contact us.
Where a recovery plan is no longer feasible, we can advise you on the appropriate options and help you through the process of closing down a business or filing for bankruptcy, by advising directors of their legal obligations, undertaking formal procedures, assisting with negotiations with creditors, advising on striking companies off the Companies House register, and acting as liquidator or trustee in the case of bankruptcy.
Solutions for individuals
In the current climate of economic uncertainty, and with personal debt at historically high levels, it can be all too easy for individuals to find themselves in a situation whereby they have taken on too much credit and are unable to pay back their debts.
While this can be a worrying position to be in, it is nevertheless important to face up to the situation, and seek a positive solution. ABR can help with this process, by working with you to find out which of the available options best suit your particular needs. Rest assured that you are not alone!
We can help you to identify a solution, and advise you on proceeding with the necessary action, whether this may take the form of an Individual Voluntary Arrangement, a more informal agreement with your creditors, or filing for bankruptcy.
For free, confidential initial advice on your individual situation please contact us today.
Follow Fiona on Twitter.