Supporting Businesses Nationally
Administration
Is your business facing financial pressure from unpaid creditors that you need assistance with?
For a free confidential discussion, call 020 3995 6380 | rescue@opusllp.com | offices nationally
How Opus can support business owners and directors
Our team can explain the options available to help return your business to profitability. We help business owners, directors and all stakeholders navigate their way through the uncertainty that distress brings.
A guide to Administration
The objectives of Administration are to rescue a company as a going concern or achieve a better outcome for lenders and creditors than if the company was placed into liquidation. By maximising value in the business and assets a greater return to the lenders and creditors can be achieved. This is most effective when:
• There are severe cash flow pressures, however fundamentally there is a viable ongoing business
• A company is insolvent, and a sale of the business and assets preserves as much of its value as possible whilst retaining jobs and securing survival of trading operations
Immediate assistance
Our dedicated team is on hand to provide assistance to Directors of companies in financial difficulties. When a company is insolvent, a Director has a duty to minimise losses to stakeholders. Our senior management are available to talk to you about the problems you and your company face with complete confidentiality.
When is Administration an option?
Administration is designed to deal with situations when there is an urgent need to protect the value of a business from enforcement action by unpaid creditors allowing a viable business breathing space to regroup and implement a survival strategy.
Administration is a formal insolvency process which puts an immediate ring fence around the company and its assets so that no creditor can start or continue action to recover their debts.
Resources and guides
Our latest articles to support decision making for business owners and directors. These provide an overview on what is going on in the market and information about the options available when a company is facing challenges.
Have questions?
For more information on business options, we offer an initial free consultation to review the situation and make recommendations on the best way forward.
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