BUSINESS RECOVERY

BUSINESS RECOVERY

Mercantile Barristers advise distressed companies of all sizes, providing timely, efficient and affordable professional services that support the objective of rescuing a business and returning it to profitability. If a company is in danger of entering insolvency there may be a number of options available where business recovery is concerned. Depending on the business in question these may include:

• Renegotiating existing debt, for example by way of a Company Voluntary Arrangement. This may be an ideal solution for companies with the potential to trade their way out of current financial issues once existing debts have been renegotiated.
• Identifying opportunities for obtaining alternative finance. A quick cash injection can provide the space a business needs to turn a potential insolvent situation around.
• Putting the business into administration. This is a formal route to insolvency that can temporarily prevent creditors from taking action against the business and potentially enable a company to be rescued as a going concern.

Working with companies, directors, administrators and creditors, Mercantile Barristers deliver skilful legal support and effective negotiation with respect to the legal elements of business recovery. Our expertise and strategic guidance have helped clients to pursue options for rescue, even in the most challenge circumstances, to meet statutory requirements and to ensure that opportunities for recovery are not missed.