For businesses suffering financial problems, it is often possible to restructure the business by reaching ‘time to pay’ arrangements with creditors and injecting further cash either by selling assets and/or bank borrowings/other form of funding.
Dunion & Co. will always seek to rescue a company without the need of a formal insolvency solution if this is possible, and will work with the directors of a company to achieve the best outcome to try to ensure that the company continues to trade on successfully.
It goes without saying that when a company is struggling financially, it generally becomes more difficult to borrow money. However, if refinancing is the solution, we at Dunion & Co will help you to source the right finance for your business, whether it is the refinancing of assets, investment finance, factoring, secured or unsecured borrowings.
On the other hand, it may be that the company has operational difficulties as opposed to/as well as financial difficulties. We at Dunion & Co will work with directors and company managers to identify the causes of under-performance and address them in order to turn the business around. If necessary, we will bring in external resources to provide specialist advice and assistance.
A formal rescue, as any financial restructure, will depend upon individual circumstances, so call us on 01782 828 733 or e-mail us at firstname.lastname@example.org to discuss your options.