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Insolvency

If your business is facing financial difficulty or insolvency, you need the support of a highly skilled and affordable business advisor. 

At Oldhams Advisory, we specialise in helping small to medium-sized businesses navigate financial difficulty or insolvency. We work to secure the best possible outcomes and mitigate the negative impact that insolvency can have on you both personally and professionally.

Is my business insolvent?

Insolvency is when your business is unable to repay its debts in the required timeframe.

Many businesses may face periods where they have significant debt and reduced cash flow to clear them. Insolvency occurs when it is no longer possible to renegotiate payment of these debts, enter into a debt agreement or secure additional funding to continue operations.

The experts at Oldhams Advisory can conduct an in-depth review and analysis of your business prior to declaring insolvency. Doing this may help provide clarity surrounding your financial situation and may present opportunities for course correction rather than pursuing insolvency.

 

The experts at Oldhams Advisory can conduct an in-depth review and analysis of your business prior to declaring insolvency. Doing this may help provide clarity surrounding your financial situation and may present opportunities for course correction rather than pursuing insolvency.

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