When you have been working in accounting for as long as we have, you tend to learn all the tricks of the industry. This knowledge is what enables us to help our clients with the utmost efficiency. As a result it makes us the perfect partner for all kinds of clients. We cover lots of specialist areas, including being the best business for company rearrangements London has. Whatever it is you need, we can provide it.
It is common for companies to have to fight against financial hardships. When they do so, there is something they might do. They could enter a procedure called corporate restructuring or turnaround. They do this with their creditors so they can try to save everything.
Broadly speaking, this process consists of you rearranging the company’s debts. At the same time, the company may opt to sell off some non-vital assets. What we are going to do here is discuss some of the key features of restructuring.
Support from key creditors
One of these features is the support of the key creditors. You need them on side at the very least. Without this, the challenging creditors will have the means to order payments. In addition, they can begin formal insolvency proceedings against you. What this does is effectively nullifies those agreements you reach with the other creditors. The process won’t be very efficient without this support.
A stay on enforcement and claims
Our next topic is a stay on enforcement and claims. You will want to make sure that the restructuring succeeds. For this to happen, the agreement set between the creditors and company must make provisions to stop creditors from initiating insolvency processes. Moreover, they can’t enforce their security or make demands for payments. Without these, the restructuring could end up failing. This is because any disgruntled or dissatisfied creditors shall bring claims against the company.
Support from the top name for company rearrangements in London
At Brian G Lonis & Co, we make it our mission to remove as much stress from the situation as possible. This is the case regardless of the service we are offering. We appreciate that restructuring offers many advantages and is vital for lots of clients. With our help you can plan the changes and also support creditors.
If you need help from the finest establishment working in company rearrangements London has, please speak to us. Rely on our experience and come to us for a smoother transition.