Although business failures rarely happen overnight, prompt action is the key to easing financial pressures and identifying a way forward. Even an apparently profitable business may be under-performing or over-borrowed. As insolvency looms, the signs become clearer: pressure from creditors, lack of cash, breaches in banking covenants and management in a state of crisis.
RSM Bird Cameron's national Turnaround & Insolvency team work to achieve the best possible outcome for troubled companies, their shareholders and other stakeholders, including financiers and creditors. Our experts understand that any help back to recovery must begin with an informed assessment of the long-term prospects of the business, as well as short-term actions to find much-needed breathing space for the right long-term solution.
We provide a range of services to help directors and owners identify risks at the earliest opportunity and take the necessary steps to recover. Our services for directors include: