In today's uncertain economy, many companies are experiencing financial difficulties and are in need of expert advice to help them survive. There are specific areas where corporate advisors can assist struggling businesses.
UK (PRWEB UK) 4 June 2013
How can SME business leaders and their accountants be sure they are choosing the right corporate advisory professionals for their business? Specialist insolvency and corporate recovery firm Moorfields Corporate Recovery offer top tips for success.
In today's uncertain economy, many companies are experiencing financial difficulties and are in need of expert advice to help them survive. There are specific areas where corporate advisors can assist struggling businesses and business leaders by offering independent expert advice.
Choosing where to turn to for that expert advice can be difficult for business leaders or accountancy firms tasked with assisting SME leaders to reach a resolution to their business requirements.
There are many insolvency and restructuring companies out there that offer financial advice to distressed businesses. Finding the right one for a business can be tough for SMEs to get right.
For example, some of the large corporate insolvency firms are only interested in working on very large businesses, such as a failing bank, while others claim that they work with SMEs but in fact are set up more for personal insolvency and are not equipped to manage the expectations and unique demands SME businesses require.
For success and peace of mind, it is important for company directors and small to medium business accountancy firms to seek out and recruit the services of a professional company that specialises in working with SME businesses and has a reputation for delivering results.
One such company that specialises in SME businesses is Moorfields Corporate Recovery.
Moorfields is a leading independent provider of Corporate Advisory, Restructuring and Insolvency Services based in the heart of the City of London. They focus on providing a specialist professional service and delivering pro-active solutions in finance, recovery and risk management to small to medium-sized businesses.
They are experts in advising SME business leaders and accountancy firms on the processes of insolvency and business turnaround, which is perhaps why they were awarded Corporate Recovery Firm of the Year 2012.
Comments Phil Smith, a Partner at Moorfields Corporate Recovery:
“As a company, we are constantly adapting to the ever-changing business demands and pressures SMEs are facing. We focus on working with SMEs, business leaders, entrepreneurs, law firms and accountancy firms to deliver a manageable solution to what can often be a very stressful period.
We are a truly partner led team at Moorfields. Our partners work with other business leaders to turn around struggling enterprises. With years of experience in running businesses ourselves we are approachable, tactful and fully understand the pressures business leaders are facing.
It is this partner led approach and expertise that makes us so well placed to work with SMEs and their accountants. In addition, we also have specialist departments to assist in areas such as property receivership where we have experts in LPA/ Fixed Charge receivership; care sector receivership; agricultural receivership and retail receivership.”
Tips for choosing the right corporate advisors for your business:
- Expertise: check that the company you are approaching has experience in handling projects and businesses similar to the business you are looking to recruit expertise for. Do they have any industry awards for example, highlighting their expertise?
- Partner Led Businesses: Many large insolvency firms claim that they are partner led, but seldom are – it is rare to get the expert know-how and clarity that an insolvency partner can deliver to your business. Recruiting the services of a firm that is truly partner led can be invaluable for the outcome of your business at a critical time.
- Specialist Areas of Operation: Different sectors have different needs and requirements. Recruiting a team that operates and have detailed knowledge of specific business sectors is the key to success. Check their company website for previous work examples and work accordingly.
Notes to Editors:
For further enquiries, please call Katie Smith on Tel: 0207 186 1143 or email ksmith(at)moorfieldscr(dot)com.
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.
Moorfields Corporate Recovery is proud to have been awarded Corporate Recovery Firm of the year at the Insolvency and Rescue Awards 2012. http://www.moorfieldscr.com