The Deed of Company Arrangement provides can be tailored to specific circumstances and provide great flexibility and ‘breathing space’ for the company.
Not sure but suspect your company or business might be headed for the rocks? Try this; open your balance sheet and obtain the list of all the company assets along with their market values. You should be looking for overstated assets and obsolete stock remove those from the list and arrive at a new asset valuation. Next, obtain the debtors list and look for hugely over-due debts; ask your sales if these debts are collectable and if they are not, remove them from the list. Finally, remove the work in progress figures and now recast the balance sheet. Does your business still…
Read the full article at: https://industrytoday.co.uk/finance/voluntary-administration-experts-provide-a-full-range-of-insolvency-advisory-services
