Company Rescue For Businesses Under Pressure

Businesses can come under pressure for many reasons, including falling sales, rising costs, HMRC arrears, supplier demands or short-term cash flow problems. Company rescue is about assessing whether the underlying business is still viable and whether action can be taken before the situation worsens. Possible options may include reducing costs, improving cash collection, negotiating with creditors, arranging finance, using a Time to Pay agreement, proposing a CVA or considering administration. The right solution depends on the company’s finances and future prospects. Acting early can provide directors with more options and a better chance of protecting value.

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