How We Can Help Your Business

 

Comprehensive Business Assessment

With our full business assessment, we can help you to identify and more critically assess your business capabilities. There maybe ways to restructure your business and take control prior to any further adverse effects impacting your business. We’re not just liquidators and insolvency experts, we’re experts in restructuring and insolvency.

 

 

Review Cashflows and Develop Projections

Businesses that are currently struggling for profitability – those with low cash reserves or unstable cash flows – are particularly vulnerable.

• With Covid, businesses in sectors such as tourism, hospitality, and entertainment have been particularly affected.
• Businesses in consumer goods and retail may also be at higher-than-normal financial risk, especially those with a high exposure to China, the US and Europe.
• Those in seasonal businesses where demand may be lost (as opposed to shifted), such as perishable consumer goods and seasonal apparel, may also be experiencing cash flow problems.

At Liquidation Management, we know having accurate financial accounts and developing cashflow forecasts for the future months, can assist with making key management decisions. We can provide financial forecasts to help identify and determine the best path for trading through the upcoming months.

Restructuring Options

Our specialised insolvency services include the skills to help you to restructure your business during these challenging times. We can make recommendations, based on your information to help you to:

• Retain or retrain staff
• Adjust the services you offer
• Tailor your products or services for different markets
• Close non-essential parts of your business whilst maintaining others
• Reduce costs and overheads
• Review business key performance indicators (KPIs)

Business Continuity Plan

A Business Continuity Plan (BCP) pinpoints the most important parts of your business. It identifies the potential risks to the most critical pieces and prepares you to recover as quick and easily as possible.

Contingency planning is a crucial part of continuity planning – it means having a backup if your original plan no longer works. It’s your plan B. Your BCP shouldn’t be limited to what to do after a natural disaster. It should cover any risks or threats that could disrupt your most important business activities.

Taxes

Tax relief, small business loans and income assistance is available to people affected by the downturn in business due to Covid. Liquidation Management have a range of ways to help, depending on your circumstances. If your business is unable to pay its taxes (tax debt) on time due to the impact of Covid, IRD will understand. If there is not sufficient recovery in a liquidation, the tax debts are written off similar to debts to other creditors. Talk to us about your situation, and we can advise and assist you with managing your tax problems.