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  • Banking facilities withdrawn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 0203 816 9303.

9.3 out of 10
Trustpilot logo5-stars on trustpilot Based on count 551

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

From the first meeting we were provided with a realistic assessment of our claim with a strategy to reach specific objectives. Communications at all stages were clear and concise.
View from a business recovery client

Updated HMO licensing rules

New rules relating to Houses in Multiple Occupation (HMO) came into effect in England on 1 October 2018 without much fanfare and under the radar of many landlords. As a result of the new rules properties that did not require licencing previously may...

Read more

Twitter commercial

Four new senior associates for Stephensons

Stephensons has announced its most recent round of senior associate appointments across its regulatory , clinical negligence , personal injury and employment teams. The four solicitors have shown a strong commitment to both the firm and their area...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Martha McKinley
  • Paul Davies
  • Jonathon Waterhouse
  • Christopher Carney
  • Jessica Charnock
  • Matthew Halton
  • Julie Hunter
  • Adam Pennington​​
  • Andrew Whitehead
  • Mark Williams​
  • Brea Carney-Jones
  • Christopher Marsden
  • Laurence Searle
  • Gemma Wilson
  • Neil Marshall
  • Declan Gilroy​
  • ​Kerrie Ainscough
  • Matthew Smith

We're always here for you

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.

Find your nearest Stephensons office and arrange a meeting

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.