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Helping the UK get back to business: R3es new guide for directors
R3 - the Association of Business Recovery Professionals - has launched a new resource to provide directors and business owners with a one-stop guide to the options open to them to deal with their corporate financial difficulties.
The guide, Get Back to Business: A guide to dealing with corporate financial distress, is available for free from R3's Back to Business website, and aims to make it easier for directors to understand their options and take action to stand the best chance of resolving the financial issues facing their firms.
The guide:
- provides a one-stop guide to the main options - both informal and statutory - that are available to resolve corporate financial distress;
- explains how the insolvency and restructuring framework and profession can help to rescue viable businesses, save jobs, and repay creditors;
- helps to point directors to qualified and regulated sources of this advice; and
- sets out the duties and responsibilities of company directors and the actions that can be taken against directors where these aren't met.
If you have any questions about the guide or would like to discuss any issues then dont hesitate to get in touch with your local LC contact or email us at hello@lcbsg.co.uk
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.