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Our 5-step insolvency rescue plan

Avoid insolvency by recognising and identifying the early warning signs.

Book a free initial consultation

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Last Updated: 07/02/2025

expert advice and support at hand

Our 5 step plan

Step 1 - the warning signs

Recognising warning signs early will give you the best possible chance of avoiding insolvency. If any of these factors apply to you, call us in confidence if you’re experiencing any of the following:

At our initial meeting we will make suggestions to ease cashflow or safely inject working capital and advise you on how to avoid wrongful trading. Our job is to be realistic about the future of your business and there’s no charge for this initial advice.

Step 2 - stabilise the business

Our priorities are to understand what is happening in your business – the creditor pressure, whether short-term cash is needed, the position that your bank is adopting and the stakeholder issues. When we have an understanding we will recommend a short-term strategy to include:

  • An initial survival plan.
  • A 12-week cashflow forecast.
  • Talking to your bank and your creditors including HMRC to negotiate extended terms.

Director

Understand your financial options

Check the health of your business with our free business health check tool.

Get an indication as to whether your company has what it needs to survive.

Includes:


-Company health assessment
-Types of liquidation available
-Options & next steps

*All information provided is completely confidential and will not be shared with a third party

Free advice line for distressed company directors > 08003317417

Step 3 - look forward

Once back in control a new business plan will move you forward.  We can help by:

Step 4 - implementing your plan

Your business will need careful monitoring to achieve its potential and avoid future problems. We offer a mentoring service that gives you access to years of expertise in business management. We can:

  • Attend board meetings
  • Assess management strengths and weaknesses and highlight areas for training or development
  • Assess and challenge your budgets and forecasts
  • Provide an independent appraisal of your progress
  • Ensure you control the business rather than others controlling you
Step 5 - a 'hands-on' turnaround interim manager

Steps 1 to 4 are undertaken by our in-house team of professionals but in some cases a turnaround interim manager – a professional who will work alongside you to take the strainand provide expertise – is the perfect crisis management solution.

The costs

  • Step 1 – free of charge
  • Steps 2 -4 – agreed with you at the outset, usually on cost/hourly basis
  • Step 5 – only chargeable once an interim managing has been appointed and fees negotiated

How can we help - Book a free 1-2-1

If your company is struggling with unmanageable debts, decreased cashflow or concerns about about your company’s future, we can assess your situation and provide you with tailored solutions and options.

During your free initial advice meeting, we will discover a true picture of your company’s financial situation
and offer practical and expert guidance on your next steps.

Initial meetings can be held at our office or your premises and are completely confidential.

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There is no charge for this meeting – charges only apply if and when terms of engagement have been agreed.

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BUSINESS RESCUE & INSOLVENCY SPECIALISTS

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