Failing companies

• Key contacts
• FWJ takeaway

How our experienced team can help you

At Francis Wilks & Jones, our team of experienced company rescue expert lawyers has dealt with all types of company financial problems over its many years of combined experience. We are here to look at your company’s situation with you and discuss the options that may be available to you.

No matter what your particular situation, our experience has told us that the earlier you take expert advice, the higher the chance you have of turning around your business, and the more options that are open to you. Leave it too late, and it might be that the only options left open are formal insolvency processes.

If things look particularly bleak, there is often light at the end of the tunnel. If you think your business is failing, speak to us.

Common problems we can assist with

While every company will have their own individual issues, there are often many of the same issues that occur in all companies facing financial difficulties, such as:

• cashflow – poor cashflow can be the reason why an otherwise viable business can fail. There are some key ways to improve cashflow that can take the pressure off and turnaround a business quickly. Reviewing your debt recovery procedures and taking action to collect debts can be vital
• management issues – another key cause of company failure is not having the right team in place to manage the company out of its difficulties. There might be corporate or partnership disputes between directors and shareholders that are preventing decisions being made. Our team can help review the situation with you and make suggestions that may make all the difference to your business turnaround

There are many tried and tested ways of business recovery and company rescue that can dramatically change the direction of a company. Business owners who are firefighting can often lose focus on the bigger picture, but our team of experts at Francis Wilks & Jones helps you to look at your company in a new light and make changes that can mean the difference between your company’s success or failure.

If your business is experiencing issues, our team can help. There are often more solutions available than you might think. Contact us today and our friendly advisers at Francis Wilks & Jones can help.

Having worked with Tim and Andy, the founding partners of Francis Wilks & Jones since 2003 and before at their previous practice, I thoroughly value the expertise and flexibility brought to every assignment by them and their team. As a relatively new insolvency practice, BM Advisory has carefully selected its business partners who share a similar enthusiasm to find workable solutions for our mutual clients often in distressed situations. Francis Wilks & Jones fits this bill well and we would have no hesitation in recommending the firm to anyone who requires a sound law firm who are approachable and easy to talk to.

Andy Pear, partner at BM Advisory