When companies find themselves in deep water too often they drown.
It doesn’t have to be so.
A cashflow problem can spiral out of control, affecting production, turnover and goodwill. And it can happen so fast.
This is especially common in the current economic climate. A business can have problems with reduced income and constrained cashflow, leading to potential insolvency.
If your business is facing challenges like these, talk to us. Hughes Blake’s team provide recovery and insolvency services to help businesses confront and overcome the recession. We assess and advise on the extent of the problem, and determine what’s needed to recover. Where possible, we can provide a plan to rescue a company in difficulty.
We first seek constructive solutions, assuming that liquidation is not inevitable. Our corporate recovery experts and other specialists examine all options including Examinership, Irelands formal vehicle for corporate recovery. In doing so, we provide a professional, cost-effective service that offers practical business recommendations and solutions, in clear, concise reports.
Where it is not possible to overcome a company’s difficulties, we offer clear advice and recommendations on winding up. We can also advise creditors on recovering their debts in this scenario.
For more information, contact
Neil Hughes, Managing Partner neil.hughes@hughesblake.ie or
Kieran McCarthy, Partner kieran.mccarthy@hughesblake.ie