Business Restructuring

Is Your Business Struggling Financially?

Did you know we have a sister division called My Insolvency, who work with businesses facing financial and operational difficulties.

The focus of My Insolvency has always been to provide cash flow solutions to businesses through corporate finance and the facilitation of credit management solutions. When you deal with My Insolvency, you will quickly realise that the client experience is extremely important.

Areas My Insolvency cover:

Insolvency Prevention
Administration
Compulsory Liquidation
Creditors Voluntary Liquidation
Members Voluntary Liquidation
Company Voluntary Arrangement

When My Insolvency are involved with an instruction, they like to get under the skin of the business, allowing them to understand the real business. Once My Insolvency has a fully rounded view of the business, they are then able to provide their clients with their expert advice. This is, surprisingly, not necessarily insolvency even when a company might have more liabilities and assets.

My Insolvency in Action

Company: Engineering Business

Overview

The client was the director of the engineering company in financial difficulties, due to bad debts incurred from their customers.

The company was long established and had 10 employees, however, it had experienced difficulties with other companies (customers) going into insolvency proceedings, resulting in bad debts being suffered.

With My Insolvency’s help and assistance, the director:

acquired the business from the Administrator
obtained additional lending organised by My Invoice Finance
installed controls and systems to minimise the risk of future bad debts

Visit My Insolvency

Learn more about company insolvency and restructuring.