The Portland approach to Business Recovery
When a business suffers trading losses or cashflow problems, those running the business spend an increasing amount of their time fire fighting problems and less time focusing on the way out of the problem. This can escalate and lead to insolvency, if it is not addressed quickly.
At Portland we have huge amounts of experience in helping relieve these pressures and helping to get you focused on the way out of the downward spiral.
If the problem is more than cashflow and we can’t help you through our unique Cashsolv™ services, we can still help you through our positive approach to business recovery.
We have a number of ways in which we can help you:
To achieve the best outcome in an insolvent situation may require funding to be made available. We have immediate access to funds, which we can apply to an insolvent situation as part of a strategic plan.Read more
Our perspective on administration is different to most, as we believe in an inclusive approach, working with directors and management to achieve a pre agreed strategy.Read more
A pre-packaged sale (or ‘pre-pack’) refers to an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchaser, prior to administration and the administrator effects the sale immediately on, or shortly after, his appointment.Read more
A company voluntary arrangement (CVA) or an individual voluntary arrangement (IVA) is a process whereby a company or an individual can reach a deal with the preferential and unsecured creditors to vary the timing and/or the amounts due to them, which is binding on all these creditors as long as the majority agree.Read more
When initiating any liquidation we provide close support to the directors of the organisation, as well as optimising the return to creditors and reducing the likelihood that guarantees will be called upon, and prompt payment of dividends where appropriate and closure of the case.Read more
Our advice would be that bankruptcy is usually the last resort. There are often more appropriate means, such as an individual voluntary arrangement.Read more