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Corporate Recovery & Insolvency

FREE ......"It costs nothing for initial advice"...... FREE The principal Insolvency & Recovery Professionals within HKM LLP have collectively over 30 years experience in helping troubled companies. Our expertise in this sector enables us to advise you on the OPTIONS available to you in overcoming or resolving the crisis being faced by your business or company regardless of its size.

We are able to advise on:

• Your present business structure and whether alterations to this structure may enhance your business performance
• Assist in making fundamental changes in direction based on financial information to facilitate a reversal of the under-performance of your business or company
• Open up lines of communication between your existing bankers and financiers to facilitate continued support, if applicable, in these critical cashflow restrictive times.
• Provide an introduction to alternative providers of funding where the existing funders are not supportive of the business.
• If the business has gone beyond the point of effective recovery, we are able to efficiently and cost-effectively wind down the affairs of the business and take from you the burden of dealing with pressing creditors

The procedure we employ in facilitating an effective wind down may include:

• Liquidations
• Company Voluntary Arrangements ("CVA")
• Individual Voluntary Arrangements ("IVA")
• Administration Order
• Receivership - Fixed Charge & Administrative, where suitable debentures are held.

Why not contact us to see if we can help - it costs nothing for initial advice
Remember - the earlier you take advice, the better are your options for effective restructuring and reversal of the under-performance.

Some of the early warning signs to watch out for are:

A reduction in credit terms extended by supplier Late Payment of suppliers a/cs Customer Retention Problems Employee Retention Problems Deteriorating relationship with creditors generally and shareholders Continuing financial losses Qualified auditors report ("Going Concern") High Fixed cost base Highly debt geared Existing management layer due for retirement and no proper succession planning in place Director/Shareholder/Partnership dispute Heavy reliance on a single customer or supplier Significant bad debt or increasing occurrence of bad debt Deteriorating relationship with the business bankers and other funders