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Introduction
Negotiations
Company Sale or Acquisition
Formal Protection to Save your
Business
Directors Responsibilities
Revenue and Customs Advice
Corporate simplification
Services to Lenders
Introduction
Saving Your Business!
Do you have the following concerns?
- Trade creditors, Inland Revenue and VAT are threatening the
survival of your business?
- Further finance cannot be found.
Is the following true?
- Your business could survive if it had breathing space from
its creditors.
- You have now corrected the problem in the business and if
given some time and working capital your company could succeed.
If yes, you need to speak to experts in corporate recovery /
corporate turnaround and business rescue.
We at Volensis have been actively involved in Business Turnarounds
and Business Recovery for the last 25 years. It is our aim, wherever
possible, to save or preserve a business.
We have a reputation for providing practical solutions to the
problems of financially distressed and underperforming businesses.
Our comprehensive range of services extends from discreet rescues
of ailing businesses to formal insolvency appointments.
We are happy to provide a free initial consultation where in
you can meet with one of our partners for an informal but confidential
chat about your business.
Some of our services under our Business Recovery section is listed
below:
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Negotiations
Not many people seem to realize but negotiations sometimes can
be the simplest yet the most effective means of getting a business
out of trouble. This can mean renegotiating with Trade Creditors
or Suppliers on their terms of contract or it might imply renegotiating
an overdraft or confidential invoice discounting scheme with the
bank. But the key to successful negotiations is how you make the
deal attractive for the other party keeping it aligned to your
best interests. That is where expert advice of a Business Doctors
professional might be invaluable for your business. Furthermore
with our wide array of contacts in the industry we can in some
instances get you a better deal somewhere else if the negotiations
with your existing parties do not work out a success.
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Company Sale or Acquisition
In many cases, a part sale of the company or an acquisition
is the best way for a business to recover. We at Volensis have
specialist expertise in this area and can advise you after looking
at your business case whether a sale or an acquisition is the
best way forward. Our team has dealt with numerous deals over
the years and can support and advise you in all phases of the
deal from Origination, negotiations, deal structuring, through
to completion.
To know more about Volensis’ expertise on Acquisition’s
and disposals please visit the Corporate Finance Section of this
site
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Formal Protection to Save your Business
We set out below ways where a business can be given time to re
structure, they can be used separately or together. This should
be to the benefit of all concerned e.g. the company's shareholders
and directors, the workforce, the company’s creditors.
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Directors Responsibilities
The two Golden Rules
- You must take charge of the situation before someone else
does (the difference between the two is enormous). Seek advice
and have a clear plan of action, possibly with different strategies
for different circumstances.
- You must be able to justify your actions, taking into account
the long-term consequences of your actions.
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Revenue and Customs Advice
Unpaid Tax
If you are experiencing pressure from Revenue and Customs to
deal with unpaid tax and cannot deal with the problem due to cash
flow issues, this could lead to formal insolvency proceedings
being started against you.
It is very important you take charge of the situation at this
stage, and you are aware of the best ways forward, before the
situation gets out of control.
Investigations
VAT or PAYE investigations can take up a great deal of management
time. Specialist VAT or PAYE advice from the outset will assist
in minimising the tax and penalties payable and free up the time
of senior staff.
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Corporate Simplification
Most groups of companies have at least some dormant subsidiaries
whose useful life is over and which add no value to the business.
In addition, it is reckoned that each dormant subsidiary costs
somewhere in the region of £5,000 per annum in terms of
compliance costs and wasted management time.
We have an active solvent reconstructions and liquidations group
and can assist in streamlining group structures and returning
value to shareholders. We find our services are especially attractive
to groups who would rather not use the services of their auditors
for fear of falling foul of the Sarbanes Oxley regulations.
We can also advise whether a members’ voluntary liquidation
is appropriate – or whether the company may be struck off
without the need for liquidation.
The payback period can be as little as one year – and less
if we are asked to eliminate a number of companies simultaneously.
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Services to Lenders
We are familiar with the requirements of lenders and pride ourselves
on producing reports which give a clear and concise analysis of
the issues and the possible solutions, together with our recommendations.
Examples of reports include:
- Pre-lending reviews
- Financial health checks
- Book debt reviews
- Independent business reviews
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Business Recovery
