Insolvency advice is not just for SMEs, even Kodak has its moments!

March 22, 2012

Kodak may well have sought insolvency advice recently, the company has suffered financially over recent years, competitors have quickly over took the once market leader, as they have moved forward increasingly with the digital age. Kodak recently filed for bankruptcy protection, to allow it time to assess its position without having to face looming creditors and hopefully take the essential and necessary steps to allow it full corporate recovery.

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Tax problems? Corporate recovery at tri group; don’t let tax take over

March 17, 2012

tri group (formerly Burton Sweet Corporate Recovery) is a leading firm of business recovery and insolvency practitioners. We aim to help financially distressed businesses find effective solutions to their financial difficulties. We maintain high standards of integrity, professionalism and service, as standard.

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Corporate recovery, bankruptcy and the main reasons companies hit trouble

March 11, 2012

Corporate recovery and insolvency advice could benefit as many as 80% of UK businesses, this is the percentage of companies that face some form of financial difficulty in their life cycle. There are a million and one factors that can affect a company’s financial well being, which can include anything from the external issues of a poor economic climate, to a poor business strategy. Here are the top causes behind business bankruptcy.

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Corporate recovery, don’t follow in the footsteps of Colin Hendry

March 11, 2012

Corporate recovery advice can help individual directors whose assets may be linked to their business – it isn’t just isolated to the company’s welfare. If you are the director of a business that goes bankrupt, it could have a huge impact on you and your family. Take footballer Colin Hendry, who was recently declared bankrupt. His financial situation and business interests have been left in tatters, as have the effects it has left on his family. Could he have avoided this or at the very least reduced the severity of its impact with sound insolvency advice.

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Use insolvency advice as prevention not just a cure

March 9, 2012

Many businesses have been faced with seeking insolvency advice as the tough economic climate forces many companies out of business or at the very least into financial crisis.

Official statistics from the Insolvency Service revealed that during 2011, there was an increase of between 2% and 4% of businesses going into liquidation, when compared to the year before. The figures for UK businesses were in contrast to that of individuals.

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Corporate insolvency advice from tri group – how we will improve your chances of survival.

February 3, 2012

When any company is in financial difficulty and needs insolvency advice, it’s vital that advice is sought at the earliest possible stage. The earlier that tri group are brought in, the greater the prospect of finding a solution that will enable the business to survive; rescuing your business is always our first objective. We start by ensuring that we understand the reasons for the difficulties and seek to remedy them.

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Misleading creditors might not be a good idea!

February 2, 2012

If you’re chasing recalcitrant company debtors this may be a useful case to have up your sleeve.  For directors of debtor companies it’s a clear statement that they can’t simply disregard their creditors and hide behind the security of the limited liability of their companies.

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Pre-packs: no change after all

January 5, 2012

The government has today announced that it will not be changing the legislation on pre-packs in administrations after all. Pre-packs, or pre-packaged business sales, have always been controversial. In essence, they involve placing a company into administration and the business being immediately sold, often to the current management.

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