A Stoke-on-Trent based retail home store consulted BCR as they realised that what they had thought was a temporary drop in trade had become a long term decline. BCR tried hard to find ways of turning the business around as it was clear from the outset that the directors and shareholders had put their heart and soul into the business over the years. Eventually however both they and the directors agreed that a liquidation was the best option. This enabled the directors to restart with a new business that focused on the core business of design and flooring.
When we were advised to seek insolvency advice, I was reluctant to call in a firm of insolvency practitioners as I felt they would take over our family business and not let us have a say. This was a very distressing time for myself and my family and to my relief BCR explained the options available to us and were very helpful and understanding throughout. Due to their support and co-operation we were able to have a successful closing down sale, resulting in recoveries being made which would not have otherwise been achieved.
If your business is in trouble - if you are facing creditor debts, HMRC debts, or struggling to meet payroll, then you could be facing liquidation. Can your business be saved? Download our free guide, 'What To Do When You Are Facing Liquidation' now.