In the current economic climate companies nationwide are finding trading conditions difficult. This is true of companies in the Wrexham area too. We have experience of assisting small and medium companies with the turnaround and recovery of their business and, when necessary, insolvency.
There are a number of recovery and insolvency services that our turnaround and recovery team can recommend for businesses in Wrexham facing financial difficulties.
Restructuring
Not every company in difficulty needs to enter a formal insolvency process. We can help you avoid this through drawing on our expertise in private equity, management buy-outs, preparation of the business model, financial modelling and business valuation.
Formal corporate insolvency process
Our priority is to advise you on how best to handle the financial difficulties facing your company and to achieve the best outcome for your company’s creditors.
We will advise you on the various options available, including administration, liquidation and Company Voluntary Arrangement (‘CVA’), and explore the most suitable option for your particular circumstance.
Our experienced staff work alongside specialist lawyers and valuation agents in the Wrexham area to ensure business assets are maximised in distressed circumstances.
Members voluntary liquidations
If your company is solvent but you wish to cease trading and distribute assets to shareholders then you may consider voluntary liquidation. This process can offer protection and an orderly wind down.
We also have extensive experience in dealing with group simplification, assisting organisations in dissolving dormant companies making their group structure more transparent and reducing operating costs.
The next step
If you think your business may be at risk of insolvency please contact one of our turnaround and recovery specialists.
A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
Up to £15 million will be clawed back from academy schools before the end of the current academic year due to government budgeting errors, according to our data.
The cost of listing on AIM has risen at its fastest rate in more than five years according to our findings.
A sudden surge in M&A activity on AIM is being driven by private equity backed deals to take companies private, our research reveals.
From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
The value of loans to businesses in the UK has slumped by 13% since the collapse of Lehman Brothers, the second fastest fall among the G8, according to our findings.
Our international network, UHY, welcomes new member firm in Tunisia, CNBA.
Hot on the heels of an announcement from HMRC that the closure date for the Liechtenstein Disclosure Facility (LDF) has been extended to 5 April 2016 has come speculation that the local banks are pushing for much higher transfers of funds into Liechtenstein and a minimum period for which any account must be kept open.
