Insolvency and Business Turnaround
Businesses get into difficulties for any number of reasons, and there is often a solution to be found - provided you talk to the right people.
At Developments For Business, we have our own specialist in insolvency, with practical experience of the things that can so easily go wrong in the running of a company. Able to identify closely with the problems that entrepreneurs have to deal with every day, he has developed a strong alliance with a group of experts to provide a comprehensive insolvency and business turnaround service.
Case Study
Business Recovery
The shareholders of a kitchens and bathrooms retailer were all pulling in different directions. Some shareholders were putting in more effort than others who were being obstructive and who would not sell their shares other than for an unrealistic price.
D4B negotiated a pre-pack arrangement with an insolvency practitioner allowing the active shareholders to start a new company without the others. D4B arranged the finance to make the deal possible and the new company is now thriving with the help of D4B’s monthly support.
Prior to the introduction of D4B the active shareholders had felt that they were in an intractable position and their health was being affected. Insolvency was something they likened to a death sentence – D4B explained that it was a tool to provide a solution which is quick and relatively painless. In the final analysis, the relief of the clients is there for all to see.