Financial distress rarely arrives overnight. Margins erode, cash weakens, and boardroom optimism obscures early signs of danger.
It is in these moments, before insolvency sets in, that expert advisors make the difference between survival and shutdown. Legal and restructuring specialists agree: the earlier the intervention, the wider the recovery options.
“The biggest mistake companies make is leaving it too late,” says Shane Harron, partner at Dillon Eustace. “They often hope to trade their way out of difficulty, but that usually leads to more trouble than may have been necessary.” This reluctance is especially acute among SME directors, who may hesitate to incur advisory costs even when…