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  • Formal Insolvency Procedures

    For many financially distressed businesses, it is not possible to avoid a formal insolvency procedure. In this case, directors ought to seek relevant professional advise as early as possible to leave open as many restructuring alternatives as possible and avoid an involuntary insolvency process such as a compulsory liquidation, for example.

    In many cases, the directors (in the case of a company) or an individual can voluntarily initiate an insolvency process, not only allowing them to retain as much control over the process as possible; but also mitigating against their obligation to prevent trading whist the company is insolvent. A formal insolvency process can help your company/business to regain profitability, restore cash flows and emerge in a much stronger position.

    In the event that formal insolvency becomes inevitable or unavoidable, RCM can advise you on the best course of action.
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    Awards & Accreditations

     

    Award Seal Richard Cacho

    Richard Cacho Awarded No.1 Insolvency Practitioner in Norfolk

    Richard Cacho award article

    Head Office - Norwich