A liquidity crisis can rapidly escalate, impacting a business’s operational capacity, financial turnover, and reputation. Diminished revenue and restricted cash flow frequently precipitate potential insolvency. In such exigent circumstances, our firm offers specialized recovery and insolvency services to assist businesses in confronting and resolving their financial challenges. We commence by evaluating the scope of the issue and providing guidance on requisite recovery strategies. Our approach prioritizes practical solutions, with liquidation considered only as a final recourse. Our team of corporate recovery specialists, explore diverse avenues of formal frameworks including the appointment of a receiver, examiner & implementation of a restructuring plan. Our service is characterized by professionalism and cost efficiency, delivering concise, actionable reports with pragmatic business recommendations. In instances where overcoming a company’s difficulties proves untenable, we provide expert advice on wind-down procedures and extend guidance to creditors on debt recoveries strategies.
Our suite of services encompasses:
Receivership:
- Acting as a Receiver.
- Advising companies where a Receiver has been appointed. Baker Tilly has extensive experience in managing Receiverships, particularly in enforcing security on behalf of banks or private equity funds.
Liquidation:
- Acting as the Liquidator subsequent to the Official Receiver’s appointment.
- Representing creditors of a company entering liquidation.
- Preparing the Statement of Affairs and reviewing creditor claims.
- Attending creditors’ meetings.
Examinership:
- Assisting companies in assessing their eligibility for Examinership
- Serving as an Examiner if nominated.
- Advising and supporting in the application process for Examiner appointment.
- Examinership constitutes a recovery mechanism affording insolvent companies an opportunity for restructuring and revitalization.
- This process entails the designation of an Examiner to oversee the business during a pivotal restructuring phase.
- Our objective is to furnish tailored assistance to businesses grappling with financial distress, steering them through these turbulent times with expert guidance and pragmatic solutions.
Whether it’s navigating through recovery processes or managing insolvency procedures, we are committed to helping companies find the best possible path forward.