Business Rescue & Recovery

At Professional Accountants, we support companies and across the UK through every stage of business rescue & recovery, helping directors navigate financial distress, avoid liquidation where possible, and restructure their businesses for survival and long-term growth.

Whether your company is struggling with cash flow, debt, creditor pressure, or insolvency warnings, our experienced team provides practical solutions and specialist advice tailored to your circumstances. We aim to protect value, jobs, and reputations while ensuring full compliance with legal and regulatory obligations.

What Does Business Rescue and Recovery Support Cost?

The cost of business rescue & recovery support ranges from £1,500 to over £50,000, depending on the complexity of your situation, the scale of your business, and the type of intervention required.

Costs are primarily influenced by factors such as the need for formal restructuring (e.g., CVA, administration), the volume of outstanding debts, creditor and HMRC negotiations, capital injections, and the level of specialist legal and financial expertise involved.

Contact Professional Accountants to get customised pricing and an initial consultation tailored to your business’s recovery needs.

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When Should a Company Seek Professional Rescue or Recovery Advice?

Companies should seek professional business rescue and recovery advice as soon as financial distress becomes evident. Warning signs such as persistent cash flow issues, mounting debts, HMRC arrears, creditor threats, or missed payroll are early indicators that your business could be heading toward insolvency.

Seeking advice at this stage can preserve more options and reduce the risk of permanent damage. The earlier you act, the more tools we have to help stabilise and protect your business.

What Are the First Steps in a Business Recovery Process for -Based Companies?

For companies beginning a business recovery journey, the first step is usually a thorough review of the business’s financial health, liabilities, and prospects. This often includes cash flow forecasting, debt analysis, and identifying immediate risks.

From there, a tailored plan can be developed, which also involves negotiating with creditors, restructuring operations, seeking new finance, or implementing a formal insolvency procedure if required. We help you regain control with clear, step-by-step guidance.

Do Services Include CVAs, Administration, Time-to-Pay, and Debt Restructuring?

Business rescue and recovery services involve various recovery options, which may include Company Voluntary Arrangements (CVAs) to negotiate debt repayment with creditors, pre-pack or trading administration to protect and relaunch the business, HMRC Time-to-Pay arrangements to manage tax arrears, and informal or formal debt restructuring.

We work closely with each client to determine the most appropriate route forward, based on business viability and legal standing.

Can Business Rescue Prevent Liquidation and Help Safeguard Jobs?

In many cases, business rescue and recovery support can prevent compulsory liquidation and significantly improve the outlook for both the company and its employees.

By acting early and exploring alternatives such as refinancing, restructuring, or CVAs, businesses often find that liquidation is avoidable. Our goal is to create a sustainable recovery strategy that helps protect livelihoods, maintain operations, and secure the long-term value of the business.

What Are the Warning Signs That a Business May Be Insolvent?

Businesses need recovery and rescue options often display clear indicators that insolvency may be approaching, including:

• Persistent cash flow problems – Regular difficulty paying suppliers, wages, or overheads on time.

• Mounting creditor pressure – Repeated reminders, threats of legal action, or statutory demands from creditors.

• Unpaid tax liabilities – Arrears with HMRC for VAT, PAYE, or Corporation Tax, often accompanied by warning letters.

• Overreliance on short-term borrowing – Using overdrafts, loans, or credit cards to cover daily operating expenses.

• Declining profitability – Consistent trading losses or shrinking margins despite stable or growing turnover.

• Exceeded credit limits – Frequent breaches of credit terms with lenders, suppliers, or financial institutions.

• Liabilities exceeding assets – A negative balance sheet indicating that debts outweigh total asset value.

• Director concerns or stress indicators – Increased anxiety among management about meeting financial obligations or potential insolvency action.

Is Early Intervention a Cost-Effective Way to Save a Distressed Business?

The sooner a recovery and rescue plan is developed for businesses the more flexible and affordable the recovery options tend to be. Proactive support can reduce legal costs, avoid penalties, and open up more opportunities for financing or restructuring.

We stress the importance of early action, helping directors understand their financial position before irreversible damage is done.

How Are Directors Protected During Business Recovery?

During a business recovery and rescue process, directors must continue to act in the best interests of creditors once the business is insolvent or near insolvency. With professional guidance, directors can avoid personal liability, wrongful trading accusations, or disqualification.

We help directors understand their legal duties and implement compliant strategies, offering protection from risk while supporting their continued leadership role throughout the recovery process.

Contact Professional Accountants for a consultation on getting business recovery and rescue plans.

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