What Are Some Different Strategies For Business Rescue?

When a business is facing significant financial difficulties, a business rescue plan can be the best way to salvage the situation and avoid liquidating the company. However, at Exodus Insolvency, we understand that this is not a one size fits all problem or solution. What works best for one client may not be the best remedy for another, so we do have to be flexible in our approach to business rescues. There are several strategies for business rescue that a company may want to consider, depending on its particular circumstances. Exodus Insolvency are experts in this field, so get in touch with us today to discuss your current issues and get impartial advice about your potential routes forward!
In the meantime, read on to learn a little more about some of the different strategies for business rescue.

Financial Restructuring

Financial Restructuring involves reducing or renegotiating the company’s debts, often through transparent negotiations with creditors. This could include debt rescheduling, debt for equity swaps, or other forms of financial restructuring. Exodus Insolvency are well-versed in these negotiations, so trust us to support you in getting a beneficial and realistic plan to move forwards.

Operational Restructuring

This involves making changes to the company’s operations to improve efficiency and reduce costs. This could include restructuring the supply chain, implementing new technologies, or reducing headcount. A change in your outgoings or a restructuring of payments due can make a significant difference to your finances.

Sale of the Business

In some cases, it may be necessary to sell all or part of the business in order to raise capital and reduce debt. This could involve selling off assets, divisions, or subsidiaries of the company. Although this may not be your preferred approach, selling part of your business can be a great way to inject cash into your operations.

Refinancing

Refinancing involves obtaining new financing to replace existing debt or provide additional capital. This could include loans, equity investments, or other forms of financing.

Turnaround management

Turnaround Management involves bringing in outside experts to manage the company’s operations and guide it through the business rescue process. Turnaround management may include changes to the company’s management team, the implementation of new systems and processes, and other measures to improve the company’s operations and financial performance. We know how hard you’ve worked to make your business a success, but sometimes a fresh pair of eyes can be a huge help when things aren’t going well!

Liquidation

In some cases, it may not be possible to rescue the business, and liquidation may be the only option. This involves selling off the company’s assets and distributing the proceeds to creditors, shareholders, and other stakeholders. In this circumstance, you can rely on Exodus Insolvency to offer you comprehensive advice and support through this process whilst knowing that we will have done everything in our power before reaching this stage.

Contact Exodus Insolvency Today

Call Exodus Insolvency now at 028 9344 0096, or request a callback for a free initial consultation to discuss your case and to give you a clear understanding of the fees and processes involved with a business rescue. We can help to support you through financial difficulties, so reach out to us today for comprehensive advice and guidance. We look forward to hearing from you soon.