A guide, not advice. This explains how things generally work. A licensed insolvency practitioner will tell you what applies to your company or to you.
Business Rescue Across Greater Manchester
When a business is under financial pressure, the earlier you take advice, the more options you have. Our Manchester-based, ICAEW-licensed practitioners provide business rescue and turnaround support across the whole of Greater Manchester - helping viable companies survive, restructure, and recover.
When to Seek Help
The warning signs of financial distress include:
- Struggling to pay VAT, PAYE, or Corporation Tax on time
- Maxed-out overdrafts or pressure from the bank
- Unpaid supplier invoices and increasing creditor demands
- Cash flow that doesn't cover overheads
- Threats of legal action or a winding-up petition
- Losing key customers or contracts
If any of these sound familiar, early advice can be the difference between rescue and closure.
Our Rescue Services
Business Review and Diagnosis
We review your finances, identify the root causes of the problem, and give you an honest assessment of whether the business is viable.
Company Voluntary Arrangement (CVA)
A CVA lets a viable business restructure its debts into affordable monthly payments while continuing to trade, binding all unsecured creditors to a single plan.
Company Administration
Administration provides a moratorium - a freeze on creditor action - giving a viable business time and space to rescue, restructure, or sell as a going concern.
Refinancing and Restructuring
We can help restructure debts, renegotiate with creditors, and explore refinancing options to put the business on a sustainable footing.
Areas We Cover
We work across the whole of Greater Manchester, including Manchester city centre, Salford, Stockport, Bolton, Bury, Oldham, Rochdale, Tameside, Trafford, Wigan and Altrincham.
Speak to a Licensed IP
Rescue is almost always more successful when you act early. Call our Manchester team for a free, confidential conversation about your options.