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 advice across Greater Manchester
Closure is not the only outcome of company difficulty - a meaningful share of the Greater Manchester directors who call us keep their businesses, through rescue routes that work best when started early.
The rescue toolkit
HMRC Time to Pay arrangements - breathing space on tax arrears for viable businesses.
Company Voluntary Arrangements - binding creditor deals that let a profitable trade pay down historic debt over time.
Administration and pre-pack sales - the legal moratorium and going-concern sale routes for businesses worth saving.
Business restructuring - cost, finance, and operational surgery short of any formal process.
The honest gatekeeper question for all of them: is the business viable at the operating level? Our guides on the warning signs and your options help you answer it - and where the answer is no, an orderly liquidation started early beats a rescue attempt that merely delays it.
Why timing decides everything
Every rescue route consumes two resources - cash and creditor goodwill - and both drain while directors wait.
The pattern across Greater Manchester is consistent: the rescues that succeed are the ones where advice arrived while there was still something to work with - which is why the first conversation is free and confidential, so cost is never the reason to delay it.
Speak to a licensed practitioner today
Call 0333 023 5090 - directly to one of our four ICAEW-licensed practitioners at 100 Barbirolli Square, serving companies across every Greater Manchester borough.
InsolvencySupport.co.uk is operated by Xeinadin Corporate Recovery Limited (company no. 11415156), 8th Floor, 100 Barbirolli Square, Manchester M2 3BD. Our insolvency practitioners are licensed and regulated by the ICAEW.
This page is intended for general information purposes only and does not constitute financial, legal, or professional advice. Always take advice from a licensed insolvency practitioner about your specific position.