White papers

When a business hits rocky times the directors of small-to-medium sized enterprises (SMEs) need to develop a clear business strategy to ensure they can achieve a desired outcome. This whitepaper examines the fundamental issues that directors of SMEs need to be aware of when a business finds itself in turbulent waters and how the formal appointment of an administrator or liquidator may be necessary if a business is insolvent.

Small to medium enterprises (SMEs) are an important part of the economy and contribute half of employment and over a third of economic activity. It is therefore in the interests of all parties to ensure the sustainability of SMEs. This whitepaper analyses the voluntary administration process and whether it fulfils its purpose to maximise the prospects of corporate rescue and, if salvage is not possible, to get a better return for creditors.