This is all about making informed, timely decisions to provide stakeholders with the best outcome available.
We will assess the circumstances, then look at and advise on various options that may be the best for your circumstances.
Very often liquidators and receivers costs take a substantial portion of the proceeds from a business recovery engagement. We are very conscious of cost and work hard to keep these to a minimum so as to benefit stakeholders.
A Liquidator or Receiver's duty is to preserve the assets of the business, then realise those assets and distribute the proceeds to stakeholders based on legislated priorities.
Liquidation may not be the best option. We assess the circumstances and look at various options that may be available such as:
- creditors compromise
- change in cost and management structure