Business Recovery

Whether you elect to use asset finance, invoice financing, growth funding or a CVA, there are plenty of tools to help rescue your business when you need them.
In the majority of cases, a corporate restructure will be required, in addition to the business owners adopting new tactics for the day-to-day management of the company. What's important is that you consult with turnaround strategy specialists, capable of assisting you with every step of the process. In London, Glasgow and throughout the UK – Baxter Ramsay is the team to reach out to. As members of The Turnaround Management Association, we are both experienced and qualified to help.

Company Voluntary Arrangements

Once the CVA is agreed, your business will be able to continue trading and will make scheduled payments through the insolvency practitioner.

The advantages of a Corporate Voluntary Arrangement process are considerable, including;

Watertight protection from creditors.
Designed to help your business return to prosperity.
Consolidated debt repayment.
Improves cash flow.
Not always necessary to involve the courts.
Prevents damage to your brand and personal reputation.
Rebuilds relationships with creditors.

Compulsory Insolvency / Liquidation

If you decide that the only (or most appropriate) course of action for you is to liquidate your company, there are two main routes that you could consider:

Creditors Voluntary Liquidation (CVL) – This is generally the most common approach taken when your company cannot meet its regular creditor payments or liabilities.
Members Voluntary Liquidation (MVL) – This is generally the most common approach taken when your company can meet its creditor payments, but one or all of the directors/shareholders wish to close the firm.

Opting for Voluntary Company Liquidation is not an easy choice, but in most cases it is preferable to a Compulsory Company Liquidation being brought by one of your creditors, with their own liquidators appointed.

Here at Baxter Ramsay, we don't rush you into making any rash decisions. We will sit down with you and go through your situation in detail, then give you all of the options that are open to you – together with unbiased advice on what we feel would be best.

We also make sure that you and your fellow directors are fully aware of the pros and cons of each option so that you can make an informed decision on how to proceed.

Trading Since

2009