and business restructuring...
Corporate restructuring is necessary when a company needs to improve its efficiency and profitability and it requires expert corporate management. Often an Independent Business Review highlights the need for restructuring. It involves the dismantling and rebuilding of areas within an organisation that need special attention from the management and CEO. The process of corporate restructuring frequently occurs after buy-outs, corporate acquisitions, takeovers or bankruptcy.
When restructuring a business it is advisable to also look at formal insolvency procedures and the Members Voluntary Liquidation procedure. Although these involve incurring the costs of an Insolvency Practitioner it may be that they allow for more profitable results in the period after restructuring, or open the door to potential tax savings.
If you delay in seeking advice when you suspect that your business is in trouble you may find that it is too late to implement a turnaround plan and there are a limited number of options available to you.
We are able to assist with:
- Assessing the financial position of the company
- Advising of the options available
- Assisting with the procedure recommended.
In producing a plan for the future of the business, we will frequently work alongside a colleague in the tax and/or corporate finance departments.
We can provide expert advice with an experienced team and are pleased to offer a free initial advice consultation to assess the company’s circumstances and advise on options available.