Is your business's financial health where you want it to be?

If the answer to the above question is ‘no’, your business is likely to be in financial distress.

Recognising financial difficulties can be stressful. It affects everyone involved – management, shareholders, their families, and those who may be impacted by unpaid debts. Insolvency and restructuring professionals, including insolvency practitioners, can provide an impartial perspective, explain your options clearly, and help you manage the situation effectively.

Take early action

The best thing you can do is take early action. Take the first step to understand how you can turn your situation around and what options might be available to you to help you do this.

But you’ll need expert advice. You’ll need the right guidance and support from the right people to achieve the best result for you and your business. And the earlier you get this advice, the more options may be open to you to improve your situation.

R3, the insolvency and restructuring trade body, can provide you with a list of members near you, through the member search function on our website.

If you’re looking to speak to someone about your business’s financial health, insolvency advice, or find a local insolvency practitioner, insolvency lawyer, or restructuring expert and they’re a member of R3, they’ll be on there – and many will offer a free consultation to people who are looking for help with their business finances.

As well as finding an R3 member local to you, you can also learn more about the signs of corporate financial distress and the potential options open to you to resolve it by downloading our free guide for directors in England and Wales and Scotland.