When an organisation is being pressed by creditors or regulators, and neither a correction nor a restructure is available, it is essential directors take advice on their position and their legal obligations.
Unsurprisingly, this is unfamiliar territory to many. But, seeking immediate advice can help to protect and preserve the organisation’s retrievable value. Acting promptly can lead to a better outcome for stakeholders than originally anticipated.
Though the circumstances may be difficult, our insolvency practitioners can exercise damage limitation, manage exposure to loss, and where possible realise value.
When necessary, we can step in at short notice to act as administrator, administrative receiver, supervisor or liquidator.
If you feel you may be able to benefit from our services, please contact the team or your usual RSM adviser.