As with all such problems, the earlier BRI is called the better the prospects.
Whilst the intention is generally to avoid the need for a formal restructuring procedure where possible they do offer vital protection from hostile creditors whilst a strategy is drawn and implemented. BRI know these waters well and offers you a safe port in a storm.
Different restructuring procedures available to us include:
When your company experiences a cash-flow crisis this can give rise to panic. However, if you can find the time/space to stop, reflect and look at things properly it can also provide opportunities. BRI can help.
All too often businesses look to solve their own problems by seeking immediate cash injections via the personal funds of a director or via a lender, which ordinarily comes with security over the business assets and/or a director’s personal guarantee.
You need to fix the underlying structural problems first otherwise the phrase “good money after bad” may never have been truer.
Our restructuring professionals are happy to be your “phone a friend” and will help you build a platform for future success. This will start with a business and solvency review. You will then get the help you need to implement any required restructuring plan, including introductions to alternative funding options where what the funders are looking for is already known and understood; ensuring that your time is not wasted.
Financial pressures may not be the only trigger for restructuring a business, advice may be sought when the following are required:
Contact us if you would like further information and assistance regarding any aspect of restructuring your business. There is no charge for doing so and it is without obligation.