At CLB Coopers, we believe supporting Directors & stakeholders and helping them to manage their business in difficult trading conditions is essential to survival, recovery and future success.
Sadly, not all businesses thrive under competitive pressures, but with the right advice, at the right time, they can survive – and even thrive.
Our experienced team is well versed in all aspects of business recovery and can help you and your business should you find yourselves in financial adversity to appraise your situation and decide on a realistic course of action before it is too late. Where a viable recovery or turnaround is not possible, we can advise your company, its directors and stakeholders of the options available to you.
Whatever the recommended course of action, and there may well be a number of options, we will ensure our advice relates to your business’ specific circumstances.
Speak to us today for expert and confidential advice designed to assist with what we know will be a difficult and often distressing situation.
It is a fact of business life that some companies will have to deal with certain financial pressures and even encounter severe financial difficulties. When this happens, of all the times when you may need to call on professional help, this is one where the decision to involve experts who can help needs to be an urgent one. Hoping that your financial problems will go away is not an option and it is vital that directors and stakeholders do not ignore the signs of financial distress.
At CLB Coopers, our approach is entirely supportive and we are committed, wherever possible, to the rescue and survival of all or part of your business.
We firmly believe that being proactive and addressing the situation at the earliest signs of financial difficulty is the best way to increase the likelihood of your business’ survival.
We have many years of expertise in this highly specialised and regulated area and can provide you with the specialist knowledge you need to make the right decision, We’ll work with you and guide you through the steps of the process, and working with the company’s management, financial institutions, advisors and other stakeholders, come up with practical ways to address the problems you are facing.
We understand that closing down or winding up a business can be a very difficult and stressful time, however it is imperative that it is done correctly and that the company’s directors seek advice at the very earliest opportunity which will allow a greater chance of a rescue procedure being secured.
At the outset, we will aim to avoid formal insolvency, wherever possible, and look to preserve and rescue at least part or all of the company in order to minimise job losses and liabilities to its creditors. In the early stages, we will give the Directors impartial advice on all of the options available to them and the best possible way forward in the circumstances.
Sometimes, Insolvency is the preferable, or only, route out of difficulties. Where the decision is taken that formal insolvency is the most appropriate option, our team will always try to find the appropriate procedure for the company and its directors and will be on hand to provide our expert advice to you throughout.
Our team will guide you through the process from start to finish, helping and advising you to make what can be a very challenging time less daunting. We do this by providing ongoing support and assistance throughout the process, ensuring that all statutory and regulatory obligations are also met.
Once we are appointed, we will always work to provide the best possible outcome for the company’s creditors by maximising any returns and minimising any additional risks to creditors.
If you want to understand more about the options that are available to you, we are here to help.
- Company Voluntary Arrangements (CVA)
- Creditors Voluntary Liquidation (CVL)
- Compulsory Liquidation
- Solvent Company closure / Members’ Voluntary Liquidation (MVL) / Dissolutions
- Receiverships (Administrative & LPA)
- Support in other formal or informal insolvency proceedings
As well as providing licensed Insolvency advice, we can also call on the skills of our wider team of experts across the firm to provide you with a workable solution that fits best for you.
Our Debt Advisory Service has been designed in response to growing demand from businesses and senior management teams for help in dealing with the effects of the tightening credit markets. The service provides a combination of preventative and reactive tools that directors can apply to ease pressure points and ensure that resources are applied effectively.
The core elements of the service include:-
- Business Health Check and assessment of the solvency of the business
- Cash-flow modelling
- Cost reduction
- Profit enhancement
- Reinforcing banking covenants or addressing breaches
- Time To Pay Arrangements with HMRC or trade creditors
- Business Restructuring
- Sale of the business or non-core assets
Good analysis, planning and negotiation can help companies restructure their business to take into consideration tougher market and credit conditions. Struggling is not a strategic option – we can help you to manage your own way out of the current situation.
In certain circumstance, a solvent and financially-healthy business may wish to cease. This can happen for a number of varied reasons, for instance, as the natural end of the company’s life, for succession planning, strategic planning or group & entity reductions.
Our team can provide expert advice as to the most appropriate and cost-effective way to wind up your company, whilst unlocking the value for shareholders.
From our experience of helping our own clients with their problems, we know that you don’t just deal with thriving businesses. Inevitably, you will also have to handle those who find themselves in financial difficulty. It’s always helpful to be able to call on the services of a team that specialises in nothing other than business restructuring and insolvency – and we’re here to help and support you.
We know how important the relationship between you and your client is; we will work very closely with you and call upon your expertise in the conduct of any rescue or insolvency solution. Experience has taught us that a practical, realistic and sensitive approach is essential. We will encourage you and your client to talk about concerns, give a realistic assessment of their situation and outline the available options.