Corporate recovery

Advice for struggling businesses

Our approach to corporate recovery is summed up in the phrase, ‘Prevention is better than cure.’

The key to preventing business failure is to have the right controls in place to help identify areas of poor performance or early signs of distress in a business and to take appropriate remedial action if and when such signs appear.

Even where a business is in a relatively advanced state of distress, we still regard insolvency as a last resort and prefer to explore all possibilities of restructuring the business and setting it on a path to full recovery. Often this will involve refocusing on core business activities, introducing stringent cost controls, and setting clear profitability goals.

This approach, we believe, is in the best interests of all the stakeholders – shareholders, directors, managers, employees, customers, and suppliers. 

 

Speak to our expert

Steve Hoffman
steve@hoffmanconsultants.co.uk | 01925  875 599

See our full suite of services

Hoffman Consulting can fulfil a range of financial needs, with expert advice and management across the full field of accountancy, bookkeeping and business advice services. Whether it’s a business matter, personal, or requires specialist sector knowledge, our team will be able to help.

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We have teams supplying dedicated services in payroll and VAT, while also advising on bookkeeping, business structures, management accounts, audits, tax planning, and much more.

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From personal taxes and self-assessment tax returns, to retirement strategies, estates, and inheritance tax planning, our personal services cover all the bases to protect your finances.

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Most practices offer the basics, we go the extra mile. We help medical consultants, contractors or freelancers in the retail, IT, and entertainment sectors, and legal professionals. 

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