An independent business review is when an outside party, usually a secured lender, is sent to establish the structure and solvency of a company. You may be in need of an independent business review if you believe your lending is at risk.
The review will help the company identify any problems that might lead to insolvency and the resulting changes may lead to better cash flow solutions in the future. Our business recovery experts have helped many companies who have found it hard to pinpoint the main problems in their business strategy and performance.
Over time, small debt can add up dramatically and the vast majority of new traders lose their business when they become too lenient in chasing company debt. In many circumstances, no amount of financial planning can prevent a company from falling in to debt but receiving business debt advice is always extremely helpful. Our team of business recovery experts knows this all too well and have offered business debt advice to clients who might feel trapped by a growing list of unsettled bills and company expenditures.
In many cases with a Members Voluntary Liquidation (MVL) the aim of the shareholders is to release the capital as quickly as possible so they can invest it in their next project or buy that dream house they wanted etc. So regularly we get asked the question whether we can transfer the funds ASAP rather than wait until the end of the process to release the funds.