1. Funding & Cash Advances
With invoice financing you can increase cash flow by raising a lump sum of capital immediately to be reinvested into your business and support ongoing trading. It is also possible to raise funding by way of a loan secured on company assets. If carefully managed it can help with cash flow and halt any pending legal action.
2. Company Voluntary Arrangement (CVA)
A CVA enables a company to reach an agreement with its creditors about how debt is to be repaid and may provide for partial or full repayment depending on what the company can reasonably afford to pay.
3. Company Restart
If the options above have been exhausted then a 'restart' may be the right thing to do. The existing company is closed and the directors have the opportunity to purchase the assets during the process, to trade on in a new company.
This option is usually the last one to use as the original company is closed, but it can mean keeping assets, employees and clients. Starting afresh without the debt.
Next Steps
If you would like to know more about how to recover a business with financial distress please call 0121 201 1720.
With invoice financing you can increase cash flow by raising a lump sum of capital immediately to be reinvested into your business and support ongoing trading. It is also possible to raise funding by way of a loan secured on company assets. If carefully managed it can help with cash flow and halt any pending legal action.
2. Company Voluntary Arrangement (CVA)
A CVA enables a company to reach an agreement with its creditors about how debt is to be repaid and may provide for partial or full repayment depending on what the company can reasonably afford to pay.
3. Company Restart
If the options above have been exhausted then a 'restart' may be the right thing to do. The existing company is closed and the directors have the opportunity to purchase the assets during the process, to trade on in a new company.
This option is usually the last one to use as the original company is closed, but it can mean keeping assets, employees and clients. Starting afresh without the debt.
Next Steps
If you would like to know more about how to recover a business with financial distress please call 0121 201 1720.
