News
December 2008
According to some commentators the credit crunch possibly represents the worst financial crisis since 'The Great Depression'.
It is crucial for a company / business that are in financial difficulties to seek the advice of Artaius Business Recovery as early as possible so we can quickly address the underlying problems. In this way the options available are far greater, the earlier we are advised.
Our Primary Concerns
In a financially distressed business, cash is critical, so our immediate focus is to understand the short-term cash needs of a business. We tailor our approach to a particular business and work to develop a realistic game plan.
Business Turnaround
Our primary objective is to save a company so that it can trade its way out of difficulties and return into profit and restore the company to full health.
Artaius Business Recovery services can help solve complex problems, plan and deliver restructuring programs and provide actions that can provide improvements to cash flow and profit and loss, together with value and stability. For example, there are a number of 'quick win' cash flow strategies, by improving payment and purchase controls; speeding up invoice to collection times and implementing better debtor collection.
Formal Insolvency Procedures
In some cases a company's problems are so deep rooted that it is not possible to put in place a turnaround strategy, in which case a formal insolvency procedure will have to be implemented. In these cases we try to ensure that financial stakeholders receive the maximum value.
In such stressful situations we will present the directors and shareholders with straightforward options, simplify technical matters and seek realistic solutions.
Global Reach
Artaius is a member of Integra International, which is an international network of independent accountants, amongst whom there are members in over 14 countries who specialise in Business Recovery Services, who can deploy cross-boarder insolvency situations in multiple jurisdictions.
Summary
Artaius Business Recovery works on bespoke solutions, from working capital
management and refinancing, to pension deficit problems and banking advice,
so that businesses experiencing financial difficulties are able to return
to profitability and growth, failing which an appropriate Insolvency
procedure will be recommended for adoption.
Please feel free to phone either myself or Andrew Dix on 01438 758100 in
the strictest of confidence without charge.
Kindest regards
Norman Cowan FCA FABRP MEWI MICArb
Partner
Norman Cowan and Andrew Dix are licensed by the Institute of Chartered Accountants in England & Wales to act as Insolvency Practitioners.
