Accountants | Brokers | Insurers | Insurers | IFA’s | Solicitor’s | Valuers
As professional advisors, from time to time some of your clients will experience underperformance, distress and crisis which if left unaddressed or inadequately addressed will result in the inevitable insolvency.
Frequently it will happen without you even knowing.
That can be bad news as
- You (usually) lose your outstanding invoices
- Your WIP becomes irrecoverable
- You can lose your client
- You lose the forward fee income
If you act for the directors | owners personally as well you will probably feel the impact twice.
How we can help you
We work with a number of professional advisors across different disciplines. By working closely with us, we can (at no cost to you),
- Help you maintain your client by keeping its business going, even where coupled with an insolvency process.
- Assist you to earn (and recover) fees during a turnaround or restructuring.
- Provide free training in identifying warning signs; directors duties; turnaround, restructuring and insolvency practice and procedure which will count towards your CPD.
When to call Us
The earlier we see your clients the more likely we are – collectively with you – to turnaround, restructure and save your clients business; minimise their further personal exposure and maximise the return for any further investment.
We appreciate being professionals ourselves that in many cases the issues facing your client will be outside your specific area of expertise so let us advise your client and assist you and your client in reaping the benefits.
So the earlier you call us the better.
There are clear early warning signs that should alert you (for example):
- Management | Shareholder disputes
- Non-payment of your fees and failure to agree WIP.
- Legal action being taken against your client
- CCJs
- Winding up petitions
- Bank funding pressure
- Loss of key customers | loss of market
- Lack of communication
- Loss of key Management | Employees
- Supplier | HMRC pressure
- Qualified Accounts
- A catastrophic failure eg a fire; change in legislation; litigation
- Too much growth “overtrading”
- Excess illiquid assets “too much property and stock and plant”
These are obviously just a few – when it happens call us! We can help.
Why Use Us ?
- You retain your relationship with and the confidence of your client;
- There are many circumstances where entrepreneurs and directors feel badly done by after “the event” having received inadequate; incomplete or incorrect advice and us acting will ensure this does not happen thereby protecting you and your client’s interests.
- And for more reasons why to use us Click Here.
The Venture Consulting Team