Often it's a complex combination of factors that creates a crises. So analysis is an essential part of finding the best solution. But in many cases there is also an immediate need for action. To understand all parts of a problem clearly and quickly, intuition and experience are needed. That's why every member of our team is an insolvency specialist.
With businesses,we start by examining their financial position. Many companies run into trouble because of a lack of sound financial data. Compiling this is essential, firstly because it can highlight problems, and secondly so that we have a clear statement of affairs for creditors and potential lenders.
Sometimes internal restructuring can turn a negative situation around. We review management and information systems to assess the opportunities.
If we see a case for funding, we look for the appropriate way to raise it. If this involves approaching lenders, we help to prepare the presentation and advise on how to borrow in the way that best supports the recovery programme.