There is so much to consider if you’re a director of a company, and it’s even harder if you’ve hit challenging times. If you’re facing any kind of difficult financial decisions, the most important thing is to get proper, regulated advice. At BLB Advisory, our experienced team is ready to help.
If you’re a director going through financial stress, you may find that many people start offering you advice and support. Unfortunately, there are many unregulated individuals or ‘middlemen’ out there trying to take advantage of those who are going through difficult times. Please make sure that you always seek out regulated guidance from an experienced team. It is vital that you understand your responsibilities and duties, and that all your questions are answered correctly.
At BLB Advisory, we are made up of an experienced team of restructuring, turnaround and insolvency specialists, who all have the relevant expertise and practical skills to give you the right advice. Our first objective is to find solutions that do not involve a formal insolvency procedure, and a key focus of ours is business recovery. As part of this, we are also able to offer assistance in securing additional funding, if that is what’s required.
Furthermore, if you are investing your own money into the company, talk to us about the use of a Directors’ Debenture. We’ll work hard to ensure you improve the prospects of recovering your investment if things don’t work out as planned.
Phoenix businesses are often given criticism, but arranged properly this solution can provide the best outcome to enable a business to continue to trade and offer continued employment to staff.
If you’re a director looking for advice and support, please get in touch.