Not all advisors talk to creditors!
Once a business is insolvent many practitioners just concentrate on collecting the debts and/or trying to sell on the business as quickly as possible. In many instances that is what is needed, however, as we specialise in rescue, as opposed to burial, it is imperative that we talk to the creditors and make sure that they support the business going forward. This means we will talk to the bank and keep them in the picture, we talk to HMRC, we talk to all suppliers. Continuation of credit and supply is the lifeblood of any business whether it be in difficulty or not. What is more, for a rescue proposal to work the majority of unsecured creditors have to agree to the proposal.
We have a dedicated creditor liaison team based in Berwick upon Tweed who can keep the creditors informed as to the progress of a turnaround and ensure that the directors can get on with running the business to maximize the returns.
We will protect your fee income, or your investments, with your own insolvency and turnaround expert! Help your clients survive the recession"!
Does it make you mad when a client comes to you with a cashflow crisis and the usual result is they go into liquidation? What if you could offer high quality turnaround and insolvency advice? Would you prefer to KEEP your client and earn from them in future or see them liquidated?
As a professional advisor you will receive our unique Insolvency Toolkit USB stick. This has over 100 pages of guides on how to rescue companies. It helps you find a solution for your clients.