BUSINESS RECOVERY SERVICES
We offer a full range of business recovery services to suit you no matter where you are on your journey.
BUSINESS RESCUE IS ALWAYS THE FIRST OPTION
As corporate rescue specialists, SKS Business Services has extensive experience in the area of business recovery, helping firms through the traumas of severe financial difficulties.
We understand the strain business difficulties can have on you and your family, so we’re on hand to help you however we can, with the goal of getting your business back to where it belongs.
How We Can Help
Being a solution driven practice, if at all feasible SKS Business Services always begin by searching for positive ways forward to effect a turnaround of the beleaguered business using the following primary tools.
Businesses facing trading difficulties may effect a recovery by commissioning an Independent Business Review upon which a business plan can then be constructed. In many cases a review from SKSi at an early stage allows relatively small pragmatic changes to be made that allow an otherwise healthy business to continue to trade and prosper.
Administration is a true corporate rescue process aimed at saving the company itself. But if a company cannot be saved, Administration may also be used to produce a better outcome for the creditors than Liquidation.
A CVA is a deal offered to creditors where they are asked to accept a proportion of their debt in final satisfaction. A CVA can be proposed without the company first going into Administration (known as a “stand-alone” CVA), although this is relatively unusual. Administration is often used to provide time and protection from creditor action whilst a CVA proposal is put together.
Voluntary Liquidation is the legal process used when a company’s directors themselves decide to wind-up a company’s affairs. Unlike Compulsory Liquidation, neither the Courts nor the Official Receiver are generally involved in placing a company into Voluntary Liquidation.
FIND YOUR LOCAL OFFICE
We have offices all over the UK. Click below to find yours.
“We started using SKS as an outsourced Finance function early in 2017. The transition was remarkably smooth and, through the dedicated team, we are now receiving accurate reports on time. This is on top of cost savings and fewer operational headaches.”
Vivek Singh, Executive Director, Award Apparel Ltd