Business rescue

Mounting debts, cash flow issues and operational challenges can all contribute to financial difficulties – and the stress that comes with them. As business rescue experts, we aim to help your business regain stability and overcome financial distress with tailored rescue solutions. We’re here to explore the best paths to recovery and set your business on a stable course towards growth.

What is business rescue?

Business rescue refers to the range of solutions aimed at helping struggling businesses recover, by addressing financial challenges before they become overwhelming. It involves assessing the business’ current state and exploring all avenues to improve cash flow, reduce debts and secure a more sustainable future. 

By choosing business rescue, you’re taking essential steps to protect the value of your company, preserve employment, and maintain relationships with clients and stakeholders.

Recognising the right time for business rescue

You may benefit from business rescue if:

• your company is struggling with cash flow, mounting debts or unpaid bills.
• you’re facing pressure from creditors or impending legal action.
• insolvency seems imminent, and you want to explore alternatives that protect assets and operations.

Acting early can expand your options for recovery and potentially improve outcomes. Consulting a business rescue expert as soon as signs of distress emerge can make the difference between business recovery and dissolution.

Can every business qualify for rescue?

It very much depends on our initial assessment of your unique situation. Our experts will look without judgement at your assets, liabilities, cash flow and operations, so we can understand where the challenges have come from. 

This helps us create a tailored plan for you. If your business is fundamentally sound and can be brought back into profit, then it most likely will qualify for business rescue. In this case, our objective is to set a path toward long-term success,  by helping you understand what’s not working now and fixing those areas.

Why choose FASimms for business rescue and recovery?

As a trusted name among business rescue companies in the UK, we’ve developed a suite of services specifically tailored to support each business’ unique needs. Our experienced team provides strategic insights and practical solutions to facilitate both immediate relief and long-term business recovery. We offer:

Tailored plans – Our business rescue plans support both short-term cash-flow improvements and sustainable business recovery, helping you stabilise operations, secure investments and address future challenges.

Comprehensive business assessments – A thorough review of your business’ financial position allows us to identify the root causes of distress and pinpoint solutions that will work for your specific situation.

Debt management solutions – We can assist with reducing or restructuring debts, helping you regain control over cash flow and rebuild financial health.

Legal expertise in insolvency – If entering insolvency is unavoidable, our team can guide you through a formal insolvency process to ensure you meet all legal obligations while exploring alternative options that could recover or restart your business.

Understanding our business rescue solutions

The right approach to business debt rescue and business recovery will vary based on your specific challenges. We provide a range of solutions designed to tackle key areas of financial instability and ensure a pathway to recovery

Company Voluntary Arrangement (CVA): A Company Voluntary Arrangement is an agreement between a company and its creditors to restructure debt, set new payment terms and allow your business to operate while addressing its debts over a specified period. This approach also gives you relief from financial pressure and the time you need to implement a business recovery plan that brings more stability.

Administration: Company administration protects you from creditors taking legal action and provides breathing space to reorganise and put in place a sustainable recovery strategy that keeps the business operating and protects jobs. When you enter administration, an appointed administrator manages the company and works with you, to focus on protecting the business’ future.

Liquidation: We can sometimes use a Creditors’ Voluntary Liquidation in a process we call Start Afresh Liquidation. We understand that debt often builds up due to circumstances that are out of your control. This type of liquidation allows us to reopen your business under a new company, to give you a fresh start. 

These business rescue solutions offer support at different levels of financial difficulty, helping you make informed decisions about the best path to recovery. Our team will ensure you fully understand the meaning of business rescue in your context, empowering you to confidently navigate each step.

How long does a business rescue process take?

These business rescue solutions offer support at different levels of financial difficulty, helping you make informed decisions about the best path to recovery. Our team will ensure you fully understand the meaning of business rescue in your context, empowering you to confidently navigate each step.

What happens if business rescue isn’t possible?

If business rescue isn’t feasible, you’ll still have options. We can guide you through a process such as a voluntary liquidation, in the form of a CVL. Which, as we’ve said before, doesn’t have to mean your business is closed for good. 

Before you even consider this eventuality, the best thing to do it to reach out to us for a free, confidential chat about your circumstance, to see how we can help.

Our team’s here to provide the expertise and support you need to explore your options and build a pathway towards a debt-free future.