Opportunities with insolvent businesses
They say every cloud has a silver lining….
Someone else’s misfortune may provide you with an opportunity. Businesses can become insolvent or head towards insolvency even though the underlying business is sound. If you want to expand your own business or find an investment don’t discount businesses that are in trouble or which are already in an insolvency process.
Buying a business out of insolvency throws up particular problems which we can help you with. We are used to dealing with insolvency practitioners and understand their requirements when it comes to a disposal of business assets. There are advantages in comparison with buying a solvent trading business (the price is usually lower) but also pitfalls (lack of warranties).
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If you see an opportunity, especially if the matter is urgent, come and talk to us