What’s The Best Corporate Recovery Service to Change My Situation?

The year 2020 is definitely the annus horribilis for many businesses throughout the UK. From the national lockdown in March and on to the current day, there are very few businesses that have not been adversely affected by the coronavirus pandemic. Licensed insolvency practitioners have never been so busy. 



Businesses across all industries are struggling to stay open. Seeking the advice of an insolvency practitioner does not necessarily mean that the company is about to enter administration or be in the position of progressing to liquidation. In fact, it is better to seek help from an insolvency practitioner sooner rather than later as there is a range of corporate recovery services to consider which may also be viable options.

What is corporate recovery?

Before we look at the various corporate recovery strategies that could potentially rescue the business, let’s understand what corporate recovery means. From the moment you contact a licensed insolvency practitioner to seek help, their first objective is to determine whether the business can be rescued and returned to being a profitable company.

Whilst the outcome may depend on the company’s level of debt and the individuals’ or directors’ circumstances, rescuing a business could include restructuring the company, such as its debts and assets, sourcing new funding opportunities, or entering into a CVA (Company Voluntary Arrangement) or company administration.

The first step to any corporate recovery is recognising that there is a problem and that the company could potentially become insolvent. The next step is getting help from an insolvency practitioner to guide you in assessing the situation and advising on the best options. Below are some of the best options available for corporate business recovery.

Location: London, UK

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