Early intervention is key
Once insolvency begins to set in it becomes incredibly difficult for directors to avoid breaching their duties. Early intervention is the key to minimising claims that can arise from a breach of duty as well as achieving a successful outcome for a financially distressed business, its directors and shareholders.
Our new Directors’ Guide can help navigate around insolvency issues and avoid potential pitfalls. The guide has ten sections which walks directors through the issues they might face in a logical order as well as highlighting areas where action should be considered.
How can we help?
We offer a free initial advice meeting on a no obligation and confidential basis where we can provide suggestions to help ease cashflow, guidance on how you might safely inject working capital, areas to consider to avoid wrongful trading as well as how to protect the future of your business – but don’t delay – if action is taken early enough there is often a good chance that your business can be saved. If there are delays in seeking advice and decline sets in the chances of success become more remote and formal insolvency can often end up being the only option.
What's next?
Alternatively complete our free online business health check which will assess your company’s situation in four easy steps before providing you with your results – we will then be in touch.
Or why not contact our specialist team today for immediate advice on your specific situation – call us on 0800 331 7417.
Jo Watts
Director
- 01603 877861
- 07919 896981
- jowatts@mw-w.com
- Prospect House, Rouen Road, Norwich, NR1 1RE
Jo trained as a chartered accountant and qualified in 2002 doing accounts preparation, audits including for charities. She then joined McTear Williams & Wood on secondment in 2009 and decided to make a career as a Licensed Insolvency Practitioner.
Jo specialises in administrations including pre-packs and trading administrations and is involved in forensic recovery work. Acts as an Insolvency Practitioner in all forms of corporate insolvency including administrations, pre-packs, liquidations and company voluntary arrangements, individual voluntary arrangements and bankruptcies.
Jo qualified as a Chartered Accountant in 2002 and Licensed Insolvency Practitioner since 2019 and was appointed Director in 2024.
It's never too early to talk
Don’t be nervous talking to an insolvency practitioner, if you’re worried you might be losing control contact us early, there’s more scope when people call us early as we’re able to offer turnaround possibilities. We have over 20 years’ experience working as a leading business rescue and insolvency expert in the South East.
Act now for the best outcome – you have more options than you realise and with our help you can restructure and focus on your future. Contact one of our professional experts today.
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