Seeking the right advice as early as possible usually means more options, and a concerned director being clearer of mind. Sometimes, the advisor may be uncertain of the best advice or the answer to some questions. We are usually introduced to new cases from an existing advisor, on a trusted relationship basis.
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Professional advice should be obtained for specific situations. If there is a prospect of formal insolvency directors should not act in a way that materially worsens the position of creditors. We can review the business and financial structure of the company and assist with a rescue process. Many businesses that fail could have been saved if specialist advice had been sought in time.
I started the business in 1979 as a haulier in the borders. The business grew to become a UK haulier from owned premises in Berwick and a pallet distribution site in Cramlington. We built the business to 35 employees. Unfortunately, losses were made in 2013/2014 when we lost a valuable contract. By then I was in partial retirement with my son managing the business.
This site is written in general terms and cannot be relied on to cover specific situations; application of the principles set out will depend upon particular circumstances and we recommend that you obtain professional advice before acting or refraining from acting on any of the contents of this site.
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