New Website Launched For Business Rescue Service
(1888PressRelease) Business Rescue Service have launched a new website that focuses on
helping struggling businesses and sole traders through financial recovery and renewal.
(1888PressRelease) - During last year, The Confederation of British Industry (CBI) was warning
of the substantial risks UK businesses will face in 2010 should the recession prove to be longer
lasting than expected. These stark warnings were followed by newer research by the Association
of Business Recovery Professionals (ABRP) indicating 28% of small business owners' feared
company insolvency if the UK went into a 'double-dip' recession. Additionally, 47% of
respondents in key industries felt they would probably need the services of recovery
professionals.
Business Rescue Service work throughout the UK in company rescue, recovery and renewal for
both companies in distress and sole traders. They have responded rapidly to the needs of
struggling UK companies with the launch of their new website dedicated to appropriate advice.
The team responsible for the work behind the new website offer over 20 years professional
experience supporting companies both large and small to work through difficult business
problems. Their expertise gives companies instant access to financial and legal solutions when
trading has become more problematic. The team also have an in depth working knowledge of the
pressures that many company directors face:
"In our experience, we have come across many company directors who face business problems
but don't take action quickly enough. Unfortunately, as a consequence, they are then not able to
take advantage of all the options that were open to them at one time. We aim to rapidly support
them to understand and take up the available options before some become closed off to them.
Ultimately, our goal is to allow their business to gain the strongest position possible, under all
trading conditions".
The team assist both large and small businesses with wide variety of business problems. They
also offer a level of particular expertise for those sole traders struggling with business problems.
Businesses may be facing problems with suppliers who refuse to supply because invoices have
not been paid. There could be growing tax arrears requiring urgent intervention. Banks might be
threatening to withdraw their financial backing. Accountants could leave the business with no
accountancy service simply because bills are not being paid. The team have routinely worked
with all of these problems and many more, and provide a lifeline to businesses in difficult trading
conditions:
"We have developed a team that specialises in business turnaround. For example, where there is
a third party professional organisation like ours dealing with creditors on behalf of a struggling
company, sometimes those creditors realise that the company is putting the maximum effort
possible into solving its financial difficulties. This might mean they become more amenable to
allowing more time to pay, thereby substantially improving the company's day to day cash flow.
Or instead, we could find we are able to try to renegotiate contractual agreements again aiming
to gain more time to pay the bills."
The website offers information pages for the major legal solutions: Company Voluntary
Arrangements (CVAs), Tax Arrears Assistance, Voluntary Liquidation, Pre-Pack Administration
& Administration itself; and Individual Voluntary Arrangements (IVAs) and bankruptcy pages
for sole traders. In addition, dedicated advice pages for Company Directors tackle many common
issues and there are also details of how to obtain expert advice well ahead of the time when any
finalising solutions become necessary:
"Our advice is to call us as soon as you can, or we can call you at a time that's going to be
convenient for you. The sooner you're able to call us, the sooner we can start work to protect you
as both a director or as a sole trader".
Any UK business experiencing operational difficulties or looking for a general trading analysis
to ensure everyday problems remain manageable now should contact Business Rescue Service
for confidential free advice on 0845 468 2395 - or make contact online at
www.businessrescueservice.co.uk.
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