Despite the heading, corporate recovery is not restricted to limited companies. Corporate recovery can be applied any business. Companies, partnerships and sole traders are all subject to the same market forces and can suffer from the same types of problems.
Provided we are approached early enough when a business is troubled, there is a possibility that we may be able to provide a solution that does not involve a formal insolvency process.
We understand that there are many reasons why business people shy away from taking advice from others, particularly if it is necessary to approach a firm of insolvency practitioners. There is often a perception that if advice is taken from an insolvency practitioner, that advice will involve the implementation of a formal insolvency process.
Sadly, in the case of some insolvency firms that perception is true. After all, if the only tool you have is a hammer, every problem will look like a nail!
We at John D Travers & Company are different. We have a wide range of business expertise that can be channelled into providing the correct solution for most problems, which will only involve a formal insolvency process, if there is no other viable route to follow. Often, people who come to see us, convinced that they are facing liquidation, bankruptcy or administration, are surprised when we tell them that an insolvency process is inappropriate or unnecessary.
If your business can be saved without resorting to a formal insolvency process, we will tell you and help you through the minefield towards recovery.