
Sometimes, after all options have been exhausted, liquidation or administration is inevitable. Let us guide you. With the right procedure, shareholders can maximise their returns when getting their investment out of a company. Revive Business Recovery is a Yorkshire based firm (based in Doncaster) which specialises in providing good solid business recovery and insolvency advice to SMEs across the UK.
Although we are in Yorkshire most of the time, we are happy to travel and work across the UK. We understand that individuals left to deal with a company in financial difficulties will carry a heavy burden and we pride ourselves in relieving this pressure. To do that, we ensure that they are well supported and well informed on all the options and processes open to their company or business.
Although we are in Yorkshire most of the time, we are happy to travel and work across the UK. We understand that individuals left to deal with a company in financial difficulties will carry a heavy burden and we pride ourselves in relieving this pressure. To do that, we ensure that they are well supported and well informed on all the options and processes open to their company or business.
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We want to make sure that you are well informed and there is a lot of information that we want to share with you. We hope that we have put enough on our website to satisfy your interests, but if there is some relevant information that you require and you can't find it on here, please contact us and we will be happy to help.
Many businesses suffer from cash-flow problems, usually as a result of increasing debts and/or a drop in turnover and are struggling to get their finances in order. A profitable business can be rescued. What is important is that the right procedure is entered into and that all other avenues are explored.
Pre-packaged liquidations or pre-packaged administrations are either loved or hated as a concept, depending on who you talk to in the profession. A pre-pack is where a new company is incorporated (or a business set up) and this company will purchase the assets it requires of the failed company from the administrator or liquidator.
Sometimes, it is inevitable that a company will need to close. We will make sure that all avenues are explored and advise on the most appropriate closure route. If a company cannot pay its debts as and when they fall due and have more liabilities than they do assets, then the company will be deemed insolvent.
A Compulsory Liquidation is where the Court makes a Winding Up Order and an Insolvency Practitioner is appointed (usually the Official Receiver). A creditor will have typically instigated this when presenting the Company with a Winding Up Petition, which normally follows a formal or statutory demand for payment.
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