Tech entrepreneurs advice for struggling businesses
14 November 2023The number of companies collapsing into insolvency and in critical financial distress is on the rise...
Assisting a pre-revenue technology business look at its funding options.
Year: 2023
Location: South Coast
Outcome:
As liquidators of a technology business we preserved the Intellectual Property Rights developed in the business by means of a sale to a company owned and operated by one of the former management team. The business had ceased trading because it could not secure the additional investment funding to see it through to the next phase of product development.
Year: 2023
Location: Oxford
Outcome:
As liquidators of a technology business we sold the intellectual property rights and associated equipment to a foreign buyer. The business had not been able to secure the additional investment funding it required to continue and consequently took the decision to liquidate.
Year: 2022
Location: Oxford
Outcome:
As administrators of a fashion retailer and wholesaler we sold the business and assets by way of a pre-pack administration. The business had be adversely impacted by structural changes in the sector and the pandemic.
Year: 2022
Location: London
Outcome:
We assisted the board in modelling and presenting an informal restructuring proposal to a secured lender and several large trade creditors.
Year: 2022
Location: London
Outcome:
Distribution of capital to over 50 private investors.
Year: 2022
Location: London
Outcome:
As administrators we sold a tour operator business effected by the pandemic via a pre-pack administration, subsequently assisting customers in claiming refunds from ATOL or their card providers
Year: 2020
Location: South Coast/ Online
Outcome:
Having been forced to cease operating due to difficulties with premises we assisted the Trustees to wind down operations and pay surplus funds to charitable organisations with similar objectives
Year: 2021
Location: London
Outcome:
As administrators we sold the ecommerce business of a multinational retailer via a pre-pack administration to an unconnected third party
Year: 2020
Location: International
Outcome:
Absent further investor support the company went into liquidation but intellectual property rights were preserved - enhancing the return to creditors
Year: 2021
Location: Midlands
Outcome: