Stephensons Solicitors LLP Banner Image
Stephensons Trustpilot stars
Based on count 1445
View all reviews

Distressed businesses

More than 100,000 businesses in the UK fail each year. Many directors can find themselves at the helm of distressed businesses through no fault of their own. When operational problems and external parties start to dictate how your business operates, it can be difficult for directors to regain control of their company.

If you fear that you may be operating a distressed business, the first thing you should do is seek help and advice from the experts. It is important that you take the right steps, as quickly as possible, as it could mean the difference between a rescue for your business or closure for example by a winding up order.

loading staff

Warning signs - business in distress

  • Problems with the company cash flow
  • Souring relationships with creditors
  • Difficulty obtaining credit
  • Increase in borrowing levels
  • Declining profits
  • High levels of stress amongst directors and employees
  • Banking facilities withdrawn

One or a combination of may spell immediate danger for your company.

Here at Stephensons we have been successfully helping distressed businesses turn their fortunes around for many years. Our legal experts can provide an assessment of your business, and highlight critical areas to address. 

We are one of the fastest growing legal practices in the North West of England, recommended by The Legal 500 in several areas, and a number of our solicitors have been acknowledged by Chambers UK as ‘leaders in their field’. 

To find out more about how Stephensons can help pull your distressed business back into the red, get in touch with us today on 01616 966 229.

4.5out of 10
4.5 score on Trustpilot Based on count 1445

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Getting paid post pandemic: advice for businesses with overdue debts

The pandemic has been a very difficult time for most businesses and while the latest set of restrictions have now largely been lifted in England and Wales, the financial impact of the last two years is likely to last for some time. In such difficult...

Read more

Twitter commercial

@CommercialLLP

Primary school application deadline - why 'bending the rules' could spell trouble

The deadline for primary school admissions for the school year commencing in September 2022 will expire on the 15th January. A recent survey suggests 1 in 4 parents have ‘bent the rules’ to get their children into a better school. With the...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Paul Davies
  • Julie Hunter
  • Adam Pennington
  • Andrew Whitehead
  • Jessica Charnock
  • Sophie Chilstone
  • Winston Kan​​​
  • Terri Meehan
  • Neil Marshall
  • Declan Gilroy​​
  • Matthew Smith