INSOLVENCY IS THE WORST
The commercial reality of not having enough money can leave us feeling like we’ve let a lot of people down and failed. You will soon start to feel anxious and let self-doubt creep in as expectations from those who trusted you are not being met. This kind of pressure certainly doesn’t help in dealing with the problems your business faces right now.
Take heart though.... the fact you’re reading this means there’s hope.
But it's crucial that action is taken now. The situation will only get worse and as time goes by, you risk losing the options that are available to you.
VOLUNTARY ADMINISTRATION IS THE SOLUTION
Simply put, Voluntary Administration (or VA) is an alternative to liquidation. The VA process puts everything on hold for a short period so the business situation can be viewed by all the affected parties and a plan formulated for its recovery. Yes, it does involve disclosure, transparency and independence but it also puts an immediate pause to claimant demands and deals with the fact that you are no longer alone in these circumstances.
Voluntary Administration starts by the directors appointing an administrator. That's my role and involves me taking temporary control and responsibility of the company and its business activity. The whole process brings down a protective veil over the company's affairs for a short time so all the parties involved can see what possibilities exist for its rehabilitation. As a director, you will definitely be involved in this process and in fact, are required to be engaged and committed.
It's important to note VA isn't a remedy by itself. The legal structure is merely enabling and will only become effective in the hands of a skilled administrator, committed directors and willing creditors. A positive outcome is earned with hard work, dedication and the potential for rehabilitation.
I CAN HELP YOU
If there’s one thing I’ve learned through the years it's that every company is unique and each situation is different. I place the highest importance on getting to know you, your people, the company and its issues and the solution that will turn the business around.
I don’t do this alone. My appointment as administrator will certainly transfer power and control, but the daily operations will be maintained by you.
Once the recovery plan is drawn up and submitted, the work starts on the rehabilitation of your business. There will be obstacles ahead but frankly, the only way to overcome them is to overcome them. This is achieved by a commitment to tasks, attention to detail, emphasis on priorities and alignment to the plan. Only then can full recovery take place.
IS VA RIGHT FOR YOU?
Every business faces situations during its lifetime. Sometimes those difficulties become so overwhelming that the odds seem impossible. It’s then that you might consider calling me.
Remember that VA is an alternative to liquidation. The task is to intervene and alter the course of what otherwise will be inevitable. VA is only right for you if it is your intention to avoid liquidation.
Every business will fail unless there is human interaction at work to prevent it. Now that circumstances for your business are strained and congested, what will make the difference is the effectiveness of the people involved.
IF IT'S TIME TO TALK.
GET IN TOUCH WITH ME.