We can save your business!
The term “turnaround” has come to encompass a range of measures aimed at restoring the fortunes of a company with (or preferably without) the use of a formal insolvency procedure. These measures include strengthening (or replacing) the existing management team, introduction of fresh capital, restructuring finances (e.g. replacing short term loans with longer term ones), reduction of cost base and (if a formal insolvency procedure is required) the use of a Company Voluntary Arrangement to enable the company to deal with its creditors in an orderly manner.
In larger businesses the “turnaround” process can be costly especially where additional management resource has to be bought in and it pays to have independent advice regarding the overall plan and it likely chances of success before any costs are incurred.
In smaller (often owner-managed) businesses the process of changing management can be much more difficult and it is impossible in many instances. The cost of remedial measures can also be prohibitive.
Smaller businesses are often reluctant to consult insolvency practitioners in relation to turning around their businesses fortunes as there is an incorrect pre-conception that such a consultation will only result in administration or liquidation. It is little known that less than one third of such consultations that we are engaged in result in instructions to implement a formal insolvency procedure and the majority of the remainder carry on trading with the benefit of having received an independent and frank review of affairs, suggestions for the future and/or reassurance that they are on the right track.
In all circumstances the main thing is to take advice early. Do not leave it until creditor pressure has become so great that the scope for manoeuvring is severely restricted.
Let us help you save your business
Simply call us on (NI & ROI) 02891 814890 (UK Mainland) 02920 346530 or fill in our online enquiry form and we will call you back. A member of our corporate insolvency practitioner team will discuss your situation with you and offer you reliable advice with a view to minimising your liability as a company director.
Contact Us
Our team are waiting for you to call and help you recover your financial position.
Call (NI & ROI) 02891 814890 (UK Mainland) 02920 346530 or click below.
Advice Line:
(NI & ROI) 02891 814890
(UK Mainland) 02920 346530
Why Choose us?
- Accredited Advisors
- Free advice
- Nationwide Coverage
- Professionals that are here to help
- With you every step of the way
Alternative Debt Solutions
IVA's
An IVA allows you to renegotiate the terms of your arrangements with your creditors. If you have unsecured debts with a number of creditors that you are unable to pay this is an alternative to formal bankruptcy. An IVA (Individual Voluntary Arrangement) allows you to manage your debts with a solution that will give your creditors money over a period of time, which is normally 60 months.
CVA's
Does your business have mounting debts that it is struggling to repay? Rather than give up on a great idea, lose a loyal workforce and end up liquidating your company, why not speak to us about a CVA (Company Voluntary Arrangement)?
Administration
Company Administration is widely misunderstood and, while some see it as a last resort, in reality the process is designed to be centred around strengthening your business and getting it back on track.
Liquidation
PJG Recovery have many years’ experience in dealing with corporate insolvencies and company rescue and recovery – taking early advice can sometimes mean that formal insolvency can be avoided and your company can be saved from closure. We can help you overcome short term difficulties in your company or help you deal with the formalities associated with the closure of a company if your company has come to the end of its useful life.
Solvent Reconstruction
The term “solvent reconstructions” potentially encompasses a wide range of different scenarios, including demergers, elimination of unnecessary subsidiary companies or even retirement from a business.
Business Turnaround & Review
The term “turnaround” has come to encompass a range of measures aimed at restoring the fortunes of a company with (or preferably without) the use of a formal insolvency procedure. These measures include strengthening (or replacing) the existing management team, introduction of fresh capital, restructuring finances (e.g. replacing short term loans with longer term ones), reduction of cost base and (if a formal insolvency procedure is required) the use of a Company Voluntary Arrangement to enable the company to deal with its creditors in an orderly manner.
Would you like some help?
Our team are waiting for you to call and help you recover your financial position
Contact Us