Insolvency and reviewing business stability

The last few years have been a struggle for many businesses, and we recognise that for any business owner, the financial stability of the company is a constant worry.

At the point you have those niggling concerns, it is important to react with speed in response to the changes encountered in the company’s performance and its position in the marketplace; ultimately to minimise the risk of exposure for all stakeholders. No business owner wants to risk the issue of Wrongful Trading. There are two tests to determine if your company is insolvent or not – the Balance Sheet Test and the Commercial Test.

We are offering business owners a free 30 minute confidential advisory call with one of our Partners to review the stability of the business. Based on the information you provide; we can discuss the likelihood of your company being solvent or insolvent and the options available.

If you would like to book an advisory call, please complete the form, including a best time for us to contact you and we will be in touch.

Book your free 30 minute consultation

Supporting business owners

From the outset, we make sure we fully understand your business, its market, your processes, problems and its trading history – each company we work is unique so it’s important to gain a clear understanding of your business and its challenges.

We work in the SME market, typically, helping Business Owners, Company Directors, Sole Traders, Partners and all stakeholders. We also work alongside Accountants and Advisors with clients facing financial and/or operational challenges.

“Opus made me feel at ease and explained my options in a clear manner. Although my business was experiencing financial difficulties at the time, the advice I received meant the business itself was saved and a large portion of the business debt was written off. I would highly recommend other directors in this position to explore their options with Opus.”
DirectorImport Export Business
“We approached Opus when our business began to get into difficulties. Opus was helpful and supportive and gave clear and timely advice regarding our options. Resultantly the company was placed into Administration which was handled in a fair and very professional manner. As a consequence we were able to emerge with a much slimmed down business which has flourished over a number of years allowing us to build up considerable reserves sufficient to see us through any future period of uncertainty”
DirectorHospitality
"At the point we called Opus in, we had severe cash flow challenges. We had been fire fighting for some time, but never quite managing to get back on track. The support Opus provided, across their divisions, was phenomenal. Opus is different from what I expected from an IP practice – they care. Whilst making sure we comply with all legal aspects; they have been doing everything they can to help my business to recover. I highly recommend Opus"
DirectorIT
Call 0203 995 6380