It’s a fact of life that nothing is certain but change. In the world of business, this change can be positive, adding to the success of the operation, or it can be negative, draining the spirit and life of owners and managers in spite of all best efforts. In many settings, the directors of the company can make decisions that will reverse a negative situation or add to an effort that is not producing desired results.
At times, however, the continued efforts of those within the organisation simply don’t have the intended effect. It may then be necessary to call in professionals who can provide business recovery services proven to work for many other valued clients. These specialists can help make those necessary changes or offer advice and recommendations that will enhance performance. Naturally, it’s important to start this recovery process as early as possible.
When to Call
One question often comes up during discussions among directors and managers: “Is it time to call business recovery professionals such as Michael Chamberlain?” If this question has already been asked in your meetings, the answer is certainly “Yes”. If someone in your organisation has expressed similar sentiments but the question has not been asked in a formal setting, the answer is still “Yes”.
When you contact experts in this area, you have access to an array of effective services including help with company administration, liquidation, business restructuring, bankruptcy, company dissolution, and receivership. You’ll benefit from the high-end expertise in business or personal financial situations, thanks to proven solutions. If you have indications of impending difficulty or signs that you’ve already entered a problem period, you’d be best served by bringing in professionals who have extensive business recovery experience.
Has your organisation received documents indicating judgement, statutory demands, or other key notices from local authorities, landlords, or government bodies? These are clear signs that your company may have reached a stage of decline to be addressed by a carefully planned recovery program. Arrangements can be made at this point to allow you to follow a recovery strategy to put you in good stead with creditors. It’s important, of course, to decide if this is to be a formal agreement or if you’ll be able to follow a more informal path.
Owner-Managed?
The effective methods used by these specialists can be just right for small companies, medium-sized businesses, and owner-managed efforts. Those who share in the financial status of the company can be helped with such steps as refinancing, business restructuring, liquidation, administration assistance, or a company voluntary arrangement (CVA).
If you are in this position, you may also find yourself in financial difficulty on a personal basis as well. Working with professionals in these situations can help solve both your business financial issues as well as those associated with your personal status.
