Business Advisory, Corporate Restructuring/Insolvency

Our business advisors will take an in-depth look at your company accounts, its performance, the market etc. and provide you with advice and options for lowering your costs, improving sales figures and increasing cash flow.

Personalised Business Plans –

We offer extensive business plans for new and existing businesses, including projected profit and loss accounts. Realistic projections based on up to date market and product research. In your new business plan we will factor in all relevant details such as, start up costs, Income Tax and VAT payments etc.

Mergers & Acquisitions

We can help with:

  • Financial Advice
  • Negotiation on contact price
  • Preparation of financial projections and business plans
  • Assisting with securing finance
  • Review and Audit of company accounts

Corporate restructuring / Insolvency

We can assess the viability of you company and advise you on the best way forward.

Restructuring

Restructuring the business can be carried out by the formal process of examinership or by restructuring the company’s assets and liabilities. The idea of restructuring is to reduce the costs and create a more profitable business.

During the process of restructuring we will:

  • Review accounts and company financial statements
  • Prepare a plan for the company
  • Liaise with the Directors throughout the process
  • Deal with the Revenue Commissioners and Banks and debtors

Examinership:

An examiner is appointed when a company is financially unstable but still viable. The examiner is chosen by the court to assess the company and prepare a plan to secure the company’s future.

Insolvency

There are many factors you have to consider when you are considering closing your business.

Areas we can help you with:

  • Letting the company’s office know you have ceased trading.
  • Cancelling of Tax registration with Revenue.
  • Calculating and paying redundancies.
  • Creditors meetings and dealings generally.
  • Directors’ duties and obligations in insolvency situations.
  • Employees’ rights.
  • Liquidations (court and voluntary).

Types of Liquidation in Ireland;

  • Creditors Voluntary Liquidation:

The directors realise the company is insolvent and the company cannot pay its debts as they fall.

  • Members Voluntary Liquidation:

Where a solvent company i.e. company that can pay its debts decides to wind up.

  • Compulsory/Involuntary Liquidation:

This is when a court has decided that the company must wind up. The court will appoint a liquidator and supervise the liquidation process.

Receivership:

The courts may appoint a receiver when a loan agreement is being enforced. The receiver takes control of the assets of the company which have been used to secure the loan. The receiver may sell certain assets on behalf of the lender.