Although news reports continue to indicate that the worst recession is decades is coming to an end, and whilst the UK's largest companies have sufficient to work their way back to profitability, the same cannot be said for many of the smaller companies, often owner managed, making up the majority of the country's business base. Lack of available credit, cash flow pressures, bad debts, increased competition (both home and overseas) and the burden of legislation can have a marked effect of a company's performance. Although directors may be of the opinion that turnover will increase in the months ahead, they face the real threat of legal action and liquidation. If your business is struggling to pay creditors or facing legal action, the time to contact us is now.

There has been much news recently regarding the number of individuals coping with financial pressures, often due to rising consumer debt. As a licensed insolvency practice, T H A are able to offer professional advice on the options available to those facing such pressures. It is important to bear in mind that only licensed practitioners are able to handle insolvency procedures such as Individual Voluntary Arrangements. and so care should be taken before committing to any firm of advisors.