Although the recovery is now well underway with lending for SMEs rising again, for many businesses securing the right funding remains a challenge. Low interest rates have enabled many businesses to survive the recession but now, with loan finance remaining tight, many businesses are looking to restructure their operations in order to take advantage of the improving economic picture. In addition, with asset values rising again and the growing prospect of a rise in interest rates, it is likely that there will be more incidents of banks forcing companies into administration.
For individuals, consumer debt in the UK remains high with the result that bankruptcy or voluntary arrangements with creditors will be an all too common fact of life.
Mundays’ insolvency and business recovery team has considerable experience in all aspects of corporate and personal insolvency. Our team offers a wide breadth of expertise and a high degree of technical knowledge. Our approach is to offer clear thinking and a pragmatic, cost-effective solution. We understand that, in all aspects of our work, time is critical and so we will work with you to find a fast and effective way forward.
For more information about the support we provide to individuals, please click here.
If you are a business, please click here.