Limited Company Reconstruction and Recovery

In an ideal world it would be possible to secure the recovery & survival of all companies without recourse to the formal recovery procedures contained within the Insolvency Acts 1986, 1994 and 2000. Although initially this is what we will always seek to achieve, through restructuring and refinancing solutions, it is inevitable that this is not always going to be possible.

In particular there are often fundamental historical or other underlying problems with the business, such as the impact of significant bad debts, that need to be addressed in order to provide the stability required to enable the recovery of the company in the short term with a view to providing the platform to return to long term profitability.

In these circumstances, following our free business review and consultation process, it may be our advice that formal recovery proceedings included in this section of the website be implemented, such as a Company Voluntary Arrangement, Administrations or Section 425 Scheme of Arrangement or if possible, an informal arrangement.

Rest assured that when instructing Harrisons to assist you in any of these recovery procedures, we will handle your affairs promptly, efficiently and sympathetically, supporting you through the process whilst also keeping you fully informed of the practical implications to you.