Where you have concerns about the future of your business

We specialise in helping companies going through difficult times. We have many years of experience in dealing with small and medium sized businesses which are struggling to cope with difficult cash-flow problems, and in finding ways to help.

Insolvency practitioners are under a legal duty to be independent and act in the best interests of the creditors, we will act solely in your interests.

Understanding your business is key to our service so we will help you deal with whatever business problems you’re facing and work with you to come up with a solution. We will strive to find a way for you to carry on or re-start your business in the way that is best for you.

What not to do

Don’t wait until someone sends you a winding up petition or even a statutory demand.

Don’t invest any of your personal money in the business before speaking with us.

Don’t contact an insolvency practitioner

Almondbury Finance is a commercial finance brokerage, we are not a firm of licensed insolvency practitioners and this distinction is very important. Where directors see their business as under threat they may often be tempted to call an insolvency practitioner. Our advice would be to call in an insolvency practitioner when all other options have been explored. This is because an insolvency practitioner is under a legal duty to act in the best interest of all interested parties including your creditors and not in the interests of your business, the shareholders, or yourself as a director. Using our expertise and experience we specialise in advising the shareholders and directors in what's best for them, and this may or may not involve the services of an insolvency practitioner.

However, sometimes circumstances dictate that restructuring is not an option. Our experience of working closely with insolvency practitioners over the years means that we can negotiate on your behalf and request that the I.P where possible, offset any fees from any realisations, new sales or cost savings made to you.

At the right price

We understand that at the time of our meeting our clients business may be under considerable financial stress. Accordingly we will structure our charges realistically in terms of what is payable and when it becomes due.

Get in touch: 01484 316609

We will usually ask for a few details from you when you first contact us. From this we will be able to make an initial assessment of the situation to form the basis of our meeting. We normally will look to meet with you at our earliest convenience to progress matters promptly. It is always important to meet as soon as possible. Often, invisible deadlines are passing without directors being aware. Time is always of the essence in providing you with the best advice and the greatest choice of routes forward.

Positive Outcomes

When we have gained an understanding of the business and its current situation we will be able to consider the options available to the directors. The wishes of the directors here become paramount as there is usually a choice of alternative ways forward which can be carefully constructed to suit a number of objectives. After working out our strategy and agreeing this with you we will put in place any mechanisms which are necessary to protect you from your creditors. There are a number of defence options open to companies in trouble and we will advise you on the one which is most appropriate for your business.

A common part of restructuring is often administration or liquidation of the old company. We work with the management to tackle any issues which may come up during an insolvency process before that process starts. We prepare the company so that the whole process is simple, easy and cost effective. A problem that arises once a liquidator or administrator has been appointed can be very difficult and/or expensive to resolve. We work with you before an insolvency practitioner gets involved to ensure those problems are dealt with first.

Always remember that despite a formal insolvency procedure taking place, it may well be possible for the directors to carry on running the business through a new company in the future. Although the IP has duty to obtain the best outcome for creditors, this duty may well be compatible with the director’s desire to buy back the business from insolvency.

We look forward to your call:
01484 316609