Rescue & recovery

It is a well known fact that many business failures could have been prevented if the owners had taken action at the right time. All too often business owners do not face up to problems such as bad debts, reduced demand and excessive borrowing until it is too late.

The key is to seek professional help as soon as the first signs of difficulty appear. With timely advice a company may be saved from liquidation or receivership, particularly if there is a genuinely profitable core to the business.

We can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. In some cases we can help you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.

"In 2006 we were trading steadily but just seemed to be treading water. Walsh & Co came in and identified our different customer sectors and where our gross profit was maximised. We began to target these areas and we were able to achieve real growth without the increase in costs. This had a significant impact on the success of our business and we are very grateful for the advice we have been given."

Mark, sector solutions.