BUSINESS DIFFICULTIES / INSOLVENCY

EXPERT ADVICE TO AID YOUR SITUATION

The key to avoiding insolvency is to seek professional help as soon as the first signs of difficulty appear.  Leech & Partners Ltd are able to assist in identifying problem areas, and suggesting solutions to improve the position of your business.  Timely and expert advice may save your business from liquidation or receivership.

Receivership entails someone being appointed by a secured creditor to raise funds within the company, usually by selling off assets, to repay a financier.  Where the company is no longer able to trade, a liquidator will dispose of all of the assets and repay creditors.  Upon liquidation, the company will cease to exist.

In the event that liquidation or receivership is necessary, the experienced professionals at Leech & Partners Ltd are able to help. 

If your business is struggling under financial and operational difficulties, proactive and insightful action is required to avoid or minimize the results.  Contact us today for an appointment and expert advice to aid your situation.

Note: Voluntary Administration: Sometime in 2007 legislation will be passed to introduce a new process to manage insolvent or at risk companies. Voluntary Administration will be useful where there is a good chance of the business surviving. The VA process has been working well in Australia over the last few years.

Return to services
Return home