Corporate recovery & insolvency services
At BM Advisory, we are committed to helping you and your business through what can be a very difficult time. If your business is experiencing financial difficulties, we will always first assess whether a rescue plan can be implemented. We provide pragmatic advice that is clear and honest.
While our initial focus will be on saving your business, timing is crucial. So it is imperative to recognise and act on the warning signs of business failure by seeking our help at the earliest possible opportunity. This will enable us to evaluate the financial affairs of your business and find the right recovery option(s).
Dealing with insolvency
Where a business turnaround is simply not possible, insolvency may be the only option available. BM Advisory are highly experienced in all insolvency procedures and will recommend the most appropriate route for your business.
We will provide constructive, considerate and expert advice to help you make the right decisions during what can be a difficult time.
Improving operational and financial performance
- Independent business reviews and business stabilisation
- Corporate advisory and restructuring
- Funding solutions and refinancing
- Secured lender services, including pre-lending reviews
Corporate recovery and turnaround
- Cashflow management
- Lender negotiations
- Realisation of assets
- Distressed acquisition and debt restructuring
- HMRC negotiations and time to pay arrangements
- Creditors’ Voluntary Liquidation
- Members’ Voluntary Liquidation
- Compulsory Liquidation
- Company Voluntary Arrangement
- Fixed charge and LPA Receiverships
Advice to creditors
At BM Advisory, we provide advice to creditors on managing debtors in the following areas:
- Understanding your options and providing you with a report detailing the likelihood of recovering your money
- Assisting you to complete claim and proxy forms in relation to creditors’ meetings
- Representing you at creditors’ meetings
- Representing you on insolvency committees
Advice to banks and other lenders
Supporting company directors
When a company cannot pay its debts on time and it is suffering from major cashflow problems, it may be insolvent.
A company’s insolvency does not necessarily mean that it must cease to trade. However, great care must be exercised by the directors when deciding to continue to trade as directors who know, or ought to realise, that there is no reasonable prospect of avoiding insolvent liquidation, may be responsible for wrongful trading unless they can demonstrate that they have taken every step possible to minimise the potential loss to creditors. In addition, any director or other person party to the conduct of a company’s trade with the intent to defraud creditors may be found guilty of fraudulent trading.
If you believe your business may be insolvent, you are under a legal duty to protect the interests of the creditors by acting decisively and appropriately as soon as you become aware of the position. By seeking and following advice early, you will not only protect yourself as a director, you will also increase your options for rescue and recovery.
BM Advisory also advise and provide support to companies who may have experienced a breakdown in the relationship with its bank/funder, or require support through an independent business review. Our experienced team have been seconded to major financial institutions and understand the requirements of these organisations to assist you, or act on behalf of the company, in any negotiations.
If you suspect your business is in, or heading towards, financial difficulty, contact us as soon as possible.
Debt recovery services
Businesses of all sizes can encounter credit control issues and mounting outstanding debts can cause operational issues and reduce profit.
At BM Advisory, we work closely with a number of partners able to act in a cost effective and hassle-free manner to recover the money you are owed, depending on your individual requirements:
- Pre-action letters
- Obtaining judgments
- Statutory demands
- Bankruptcy petitions
- Winding up petitions
Fraud, forensic and litigation support
- Forensic investigation
- Forensic analysis
- Litigation support
- Dispute resolution
- Expert witness
Call us directly
Talk to a BM Advisory team member today about how we can help you. Contact us. The earlier a problem is addressed, the more likely it is that the action taken will prove successful.