Company Rescue
Company rescue refers to the formal process that is needed to prevent the business from failing. The aim is to provide an alternative to liquidation proceedings for financially viable but struggling businesses.
FREE, no obligation, non-judgmental and professional advice within 24 hours.
We will help you move forward with an insolvency solution that is best for you. *
Director led involvement so you will benefit from a high level of expertise every step of the way.
Overseeing Umbrella.UK Insolvency, Thomas Fox has more than 20 years of experience in personal and corporate insolvency practice. He is a member of the Insolvency Practitioners Association (IPA) and Association of Business Recovery Professionals (R3).
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With a broad range of skills and experiences, your insolvency solution is in good hands with Umbrella.UK Insolvency.
Common reasons for needing expert insolvency advice
Company directors have to deal with a number of challenges ranging from squeezed cash flow to unmanageable debts. We can offer a solution whatever your circumstances.
- Bounce Back Loans
- PAYE Arrears
- Corporation Tax
- Personal Guarantees
- Utility Bills
- HMRC fines or penalties
- VAT Arrears
- Business Rent Arrears
- Trade Creditors
- Business Rates
- Loans
- Vehicle Leasing
Find out more about the options for rescuing your company
The aim of business rescue is to restructure the company in order to make it more profitable and thus avoid liquidation (which involves closing the company down). Business rescue could include using one of the following procedures:
CVA
A CVA is an alternative to liquidating your company allowing it to trade out of its financial difficulties over a specified period of time.
Company Administration
If your company is experiencing creditor pressure but the underlying business is viable then you should consider using an Administration procedure to deal with the company’s affairs.
Pre-Pack Administration
A Pre-Pack Administration is an insolvency process where, with the assistance of an Insolvency Practitioner, the sale of the company’s business and assets is negotiated before the formal appointment of an Administrator.
Visit our advice hub for free director resources you can trust
Take a look at our case studies to explain how the different business rescue options can work.
Get free expert advice and guides for directors in our advice hub.
Get the latest business and insolvency related articles for directors.
If you are unsure what situation your business is in, don’t worry! Call our confidential expert advisers on 0800 611 8888
Request FREE business rescue advice today
Call 0800 611 8888 now or request a callback below *. All enquiries are strictly confidential. Click here to see our privacy notice.
*We don’t charge for an initial consultation, but it may lead to an insolvency solution where our pre-appointment costs are reimbursed as part of the fee structure that creditors approve.