Welcome to Business Rescue Ltd
helping you to sleep again at night…11
Arrangements - working together towards a common goal…
Once we have established and put in place any defence measures required for your business our next task is set in motion arrangements to move the company from where it is now to where it needs to be. These arrangements may change the structure of your company in order to turn it from a failing business into a viable proposition that investors will then be interested in.
Any arrangements that we recommend are based on the viability of your business and will take into account future profitability and cashflow potentials.
Arrangements may consist of one, or a combination of, the following:
- Company Voluntary Arrangements (CVA)
- Individual Voluntary Arrangements (IVA)
Company Voluntary Arrangements (CVA)
In simple terms, a CVA is a contract between an insolvent company and its creditors which allows the insolvent company to pay back a proportion of its current debts out of future profits. This allows the company to continue trading, rather than be wound up or liquidated and thus offers the opportunity to the creditors to eventually have a proportion of their debts honoured rather than to potentially lose out completely as may well be the case should the company be wound up or liquidated.
A properly managed CVA process will take account of redundancy costs when laying off staff as well as dealing with lease agreements and similar contracts.
In order for a CVA to be feasible, the company must display the potential to make future profits and improve its current circumstances. Once this has been established using the Business Medical™ a proposal is then offered to the various creditor parties to pay back a proportion of existing debts over a period of time. Such an arrangement can instantly improve cash flow and alleviate mounting pressure on the business owners or directors.
Business Rescue Ltd’s expert advice and guidance will illustrate the pros and cons of CVA’s and determine whether this is a viable option for you and your company to consider.
Individual Voluntary Arrangements (IVA)
In simple terms, an IVA is very similar to a CVA, the major difference being that an IVA deals with personal debt often arising as a result of a sole trader business failing. A contract between an individual and the creditors allows an individual to pay back a proportion of the current debts out of future income. This allows the individual to avoid bankruptcy and to continue in business. The creditors have a proportion of their debts honoured rather than potentially lose out completely as may well be the case should the individual be made bankrupt.
In order for an IVA to be feasible, the individual must display the potential to generate an income stream. Once this has been established using the Business Medical™ a proposal is then offered to the various creditor parties to pay back a proportion of existing debts over a period of time. Such an arrangement can instantly improve cashflow and alleviate mounting pressure on the individual and the business.
Liquidation
During liquidation all the assets of a business are sold off and the proceeds used to fund the liquidation process first, and then to pay the creditors back as a secondary action. In most cases the creditors receive little or nothing.
Business Rescue Ltd will work with you to avoid liquidation. We have a legal team on hand that can be in court on your behalf within hours of you calling us; this will buy us time to help you resolve your business problems. Unless directed otherwise we will always seek to avoid liquidation as it is a very damaging process.
Administration Advice
Administration is a rescue mechanism by which an insolvent company, as an alternative to liquidation, is allowed to continue trading. An administrator is appointed who has full control over the running of the business and all its assets. An administrator can be appointed by the company, its directors, or by the holder of a debenture / fixed / floating charge over the company (usually a bank) to effectively “rescue” the company as a going concern and work in the interests of the creditors usually to effect a trade sale of the business.
Administration is an expensive and complex process, and often a risky strategy for company owners and directors who no longer control their own company once an administrator has been appointed. Business Rescue Ltd will provide you with expert advice if you are faced with administration to ensure that YOU fully understand the process.
NB: All of the above legal processes will ultimately be ratified by a court complete with the relevant court protection orders.
Rescue Strategies
Where our Business MedicalTM has identified that your business has good potential we will put in place a series of strategies to improve the current state of your business. These bespoke solutions will be tailored to the exact requirements of your company, as identified in our Business Medical™, and can come in many forms.
Many of these strategies require internal changes, which may impact on the following areas:
- Cash Management: understanding the cash and working capital cycle in your business and recommending practical action to target the root causes of Cashflow issues.
- Operations Management: the day-to-day operation, communication and flow of information through your business
- Manufacturing, Production and Logistics: modifying processes, increasing efficiency and optimising productivity
- Pricing Policy: how to increase prices, offering menu pricing, widening the price range for your products and/or services
- Product / Servicing Offering: modifying your range of products or services, expanding or contracting the range, product / service diversification
- Marketing: re-assessing your existing marketing strategy or implementing a strategy for the first time, re-assessing your products and/or services, your existing markets, and additional prospective target markets
- Staff: reducing staff numbers in specific areas, redundancies, re-allocating staff, modifying staff roles
Rescue strategies often involve in-depth and time-intensive / sensitive processes and Business Rescue Ltd will be with you every step of the way to ensure that the strategies you have selected from our recommendations are implemented accurately and effectively.
At Business Rescue Ltd, our expertise and experience make us adept at achieving rapid action. Call us NOW on 0844 414 2618 so that we can put our expertise and experience into action and help you to escape from your current business pressures and save your business.
Your call allows us to gain a primary understanding of your company and answer any initial questions you may have.
We will then arrange either a face-to-face meeting or telephone conference with the consultant who will be with you throughout the business rescue process so that we can continue to learn more about each other and your company’s circumstances.
This initial consultation is totally CONFIDENTIAL, FREE of charge and FREE of obligation.
Don’t forget that the first thing we do is to take away all the pressure from your creditors. We instruct them in writing to stop calling you and call Business Rescue Ltd instead.
Regardless of your circumstances and the nature of your business, Business Rescue Ltd will use an extensive range of strategies, methods and solutions, both formal and informal, to help you to save your business.
No one fights harder for you than Business Rescue Ltd!
Business Rescue Ltd is the original and 1st emergency service for businesses. We are a bespoke organisation of business professionals specialising in business rescue, recovery and development. We are NOT insolvency practitioners.
Our sole aim is to help you to save your business and achieve the 3R’s:
RESCUE RECOVER RENEW
So, salvage the present, secure the future and sleep again at night
To speak to one of our specialists about your business rescue, in confidence, or request a free no-obligation consultation, call Business Rescue Ltd on 0844 414 2618 or email us at 999@businessrescueltd.com