If your partnership business is undergoing severe financial difficulties, you may be trading whilst insolvent or you may be on the verge of insolvency. However, we can help your company back on to its feet. We would advise that if you are unable to pay your creditors on time and cash flow is tight that you seek immediate assistance to allow us to help you and your business move forward the best possible way.
To ensure that your company is protected we will firstly need to ensure that the partners are all solvent. We will then be able to put an administration order in place to prevent your creditors taking any legal action against you in which time restructuring, refinancing or sale will be considered.