When insolvency occurs, businesses have several options, including:
Restructuring their operations to improve cash flow, including specialised Time To Pay arrangements with HMRC.
Negotiating with creditors to agree on revised payment terms.
Raising finance
Insolvency
Insolvency and Distressed Businesses
Understanding Insolvency and Your Options
Businesses may become distressed/insolvent for a number of reasons, including being unable to repay creditors in full, meet payroll obligations, or continue normal operations.
It is critical that directors are aware of their duties and responsibilities should the Company become insolvent as these change considerably. Therefore, advice should be taken at the earliest opportunity to ensure these duties and responsibilities are adhered to.
Failure to adhere can result in:
Action to recover funds for the creditors
Personal liability for the directors
Director’s disqualification
At Rawcliffe & Co, we can guide you through the insolvency process and connect you with our specialist advisors to help you find the best solution for your circumstances.
We can ensure you receive clear guidance and tailored support throughout to help you navigate difficult financial challenges with confidence.
We’re here to help you explore your options and find practical solutions to move your business forward. By leveraging our expertise and network, we connect you with our trusted professionals who specialise in restructuring and insolvency. You’ll receive tailored advice that aligns with your unique situation—ensuring you’re supported every step of the way.