If you have a business that is suffering major financial problems, your solutions may include:
Whether you really have all of these options depends on your specific circumstances and how much time you have to obtain a solution – options get closed off the more time that passes, the more the business deteriorates.
Now, when big decisions have to be made, is not a good time to follow advice, however well meaning, from people who are not experts. Before making major decisions, people have to understand the processes, at least in overview. As conditions in the economy generally are not going to get better soon, it’s a really good idea to look at your options early.
If you have reached this page feeling that your options could be any of the latter three formal insolvency options, look at Companies options decision tree before going any further.
And as we find that options reduce as time goes on and the business deteriorates, why not give us a a call now?