FREE IMPARTIAL ADVICE
When a business faces financial difficulties, the right support and guidance can make all the difference. At Parker Walsh, we specialise in company recovery solutions tailored to your unique situation. Whether your company is struggling with cash flow issues, creditor pressure, or insolvency risks, we provide expert advice and structured processes to help you regain control and explore the best path forward.
Financial distress doesn’t always mean the end of a business. Depending on your company’s situation, there are several rescue and restructuring solutions available:
A CVA allows businesses to continue trading while repaying debts in a structured way. This legal agreement with creditors can prevent legal action and stabilise cash flow, giving your company a chance to recover.
If your company is at risk of creditor action, administration offers protection while restructuring takes place. This process can help rescue viable parts of the business, preserve jobs, and provide a more controlled approach to dealing with financial challenges.
Sometimes, financial distress stems from poor cash flow management rather than fundamental business failure. We help restructure debts, negotiate with creditors, and explore financing options to improve your company’s stability.
This allows you to sell the viable parts of your business while addressing existing debts. Pre-pack administration can protect key business assets and ensure continuity under a new structure.
If your company is insolvent and rescue is not a viable option, a CVL enables an orderly closure while fulfilling legal obligations. Directors can move forward responsibly, and in many cases, start fresh with a new business.
If your company is facing mounting debts, cash flow issues, or pressure from creditors, it’s important to act fast. The sooner you seek professional advice, the more options will be available. Parker Walsh offers a free, confidential consultation to discuss your situation and explore the best way forward.
Call us today on 0161 546 8143 or fill out the form below to receive expert guidance on company rescue solutions.
GET IN TOUCHHow do I know if my company is insolvent?
A company is considered insolvent if it can no longer pay its debts as they fall due or if liabilities exceed assets. If you’re unsure, we can conduct an insolvency review to assess your position.
Can I still run my company during a CVA?
Yes, a CVA allows you to continue trading while repaying creditors under an agreed plan. This is a great option for businesses with strong potential but short-term cash flow issues.
What happens if I continue trading while insolvent?
Directors have a legal duty to act in the best interest of creditors when a company is insolvent. Continuing to trade recklessly could lead to personal liability. Seeking advice early is crucial to protect yourself and your business.
Is administration the same as liquidation?
No, administration is a rescue process that protects a company from creditor action while restructuring takes place. Liquidation, on the other hand, is the process of closing a business when recovery is no longer viable.
How quickly can a company rescue plan be put in place?
It depends on the complexity of your situation, but some solutions, such as administration, can be arranged within days if necessary. The key is acting early.
