We understand that the pressure faced by individuals and company directors when dealing with financial challenges can be overwhelming. The uncertainty of the situation can create an environment where it is difficult to plan clearly and, due to the complex nature and time sensitivity of the matter, it is important to get the best possible advice quickly.
MANAGING THE ROAD TO BUSINESS RECOVERY
During this difficult period all businesses are likely to feel the impact of the coronavirus pandemic and, with the end of government support measures on the horizon, owner managers must be able to identify and react to financial red flags now to avoid a cliff-edge scenario. By recognising the signs of financial stress and scenario planning for a range of possibilities, owner managers can start to take control of their situation, reduce costs and improve their chances of rebuilding a successful business. Our recent whitepaper provides further details on these options and highlights the questions you need to consider to establish whether your business will still be viable post-pandemic. Depending on the outcome of the business viability test, business owners may need to take action now in order to improve their financial performance.
Our Business Recovery team are on hand to offer practical support and advice to help you proactively manage your situation – including advice on practical solutions for improving cash management and operational resilience – but remember, early engagement is key so if you are at all in doubt about the future of your business, please do get in touch as soon as possible.
Business Recovery Services
An outline of our services includes:
- Option analysis and evaluation
- Company Voluntary Arrangements
- Creditors’ voluntary
- Members’ voluntary
- Personal insolvency advice and formal options of Individual Voluntary Arrangements (IVAs) and bankruptcy.
With access to the entire Menzies accountancy practice, we have a wide range of in-house services that we can call on, in order to offer a complete resolution to your business challenges.
Experts in Business Recovery
We are a dynamic team of business recovery professionals with a wealth of expertise and sector experience to draw upon, in order to address your financial situation. We will provide you with clarity on the options available and work alongside you to bring about the best possible outcome.
The Menzies’ business recovery team is made up of 7 Insolvency Practitioners, with over 40 professionals based predominately in London and Cardiff, however, we also operate out of our six offices in the Home Counties.
We feel that understanding the business sector and therefore the exact pressures that our clients face, is particularly useful when seeking the right solution. Our team is diverse and therefore our experience is varied. However, we have particular expertise in the following sectors:
Hospitality & Leisure
We work closely with solicitors and agents to ensure a cohesive approach and have strong working relationships with all retail banks, asset-based lenders and a range of bespoke funding providers.
Here to help – Your Menzies Business Recovery Team
Award winning Business Recovery services
The Menzies Creditor Services team were thrilled to receive Corporate Restructuring & Insolvency Team of the Year for the third consecutive year, at the 2023 Credit Awards – a fantastic accolade for the team. The team were also previously named as finalists at the 2020 Credit Awards in the category Best Company to Work For.
The Menzies Business Recovery team were thrilled to receive Corporate Rescue of the Year (Medium) at the prestigious Turnaround, Restructuring and Insolvency (TRI) Awards in 2021 for their efforts on the rescue of Shoreham Airport.
This is not the first time that the Menzies Business Recovery team have been recognised at the TRI Awards. In 2019, the team received an award for Employer of the Year¸ and in 2018 the team were awarded with Corporate Restructuring Firm of the Year – for the second year in a row.
Contact Menzies Business Recovery team
To speak to a partner or for more information about the services we offer please contact one of the Menzies LLP offices or complete the contact form below.