Free Business Review

At Harrisons, we believe that through the combination of our professional qualifications, but more importantly our practical experience of trading distressed companies, few other professional advisors can be better placed to advise on so many aspects of a business.

Most insolvency practices offer a free initial consultation, which is usually limited in both time given and its scope. At Harrisons our first step takes us much further.

Before we make any recommendations, working closely with the company’s management, we conduct a comprehensive business review to help us develop a clear understanding of a company’s position.

We look at every aspect in detail, from the organisation’s structure to historical and projected performance data, using this information to establish an accurate picture of the financial condition and future prospects and requirements of the business. Once we’ve done our homework, we’re in a position to identify the opportunities for recovery by refinancing and restructuring before any consideration is given to closure.

However long the review process takes, it’s free of charge. At all stages our primary consideration is the possibility for recovery, whether it be refinancing via our network of funding providers, or the use of a formal rescue procedure to achieve restructuring with a view to returning the business to profitability, or if appropriate a sale. Only when we have discussed our findings at a formal exit meeting and have agreed with the client the most suitable course of action and the proposed implementation of the strategy do we sit down with the directors and agree a suitable fee structure. Please note that fees charged will only be reflective of the work agreed to be undertaken following the exit meeting.

Inevitably we are faced with situations where recovery is not possible. In these circumstances we understand the absolute need to act as quickly as possible to mitigate the loss and reduce the pain to all involved. We approach the tough decisions that have to be made, sympathetically helping directors through the closure process whilst ensuring they remain fully appraised of any personal implications.

Your business has sustained considerable trading losses and is under creditor pressure resulting in a mounting creditor base and exhaustion of its existing funding lines.

The company has sustained historical trading losses but is now beginning to turn a corner and show signs of meeting its true potential. However, the management remain concerned about underlying cash flow problems and the overall cost base of the company.

The company requires temporary support from its bankers or financiers.

Although the company is trading reasonably well, it is not meeting its forecasted trading target or achieving your expectations.

The company is experiencing increasing demand for its goods and service but is having trouble funding this increased growth.

At Harrisons, we understand that no two businesses are identical. If your or your client’s problems do not fit into any of the above categories, do not hesitate to contact us to discuss the specific circumstances as it is highly likely we will still be able to help.

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