Ballard Business Recovery
  • 21a Bore Street
    Lichfield
    Staffs
    WS13 6LZ
If your business is struggling financially and you don't know what to do next, talk to Ballard Business Recovery, they are Insolvency practitioners in Lichfield.

Ballard Business Recovery
Independent Licensed Insolvency Practice in Lichfield

If your business is struggling and in financial distress, you should talk to the dedicated team at Ballard Business Recovery in Lichfield - an independent licensed insolvency company with over 25 years’ experience in the industry.

Understanding the challenges you are facing, the experienced team will help you understand your options and find the best solution for everyone involved in the company from Directors, Owners and Accountants through to Lenders, Creditors and Chargeholders.

Call Ballard Business Recovery in Lichfield today for business advisory, restructuring or insolvency services – the team of insolvency practitioners have dealt with a wide range of situations and are happy to discuss the options available to you. 

Services 

Ballard Business Recovery provide high quality services to everyone affected by insolvency: 

Directors and Owners:

  • Business Advisory
  • Company Rescue Procedures
  • Company Closure Procedures for Insolvent Businesses
  • Company Closure Procedures (MVLs) for Solvent Business

Accountants and Advisors:

  • Providing a virtual insolvency department for their business
  • Ongoing monitoring of their client base for adverse data filings
  • Collaboration for tax solutions and exit planning
  • Free, no obligation advice to them and their clients

Creditors:

  • Ensuring their claims are lodged in the insolvency process
  • Representation at creditor meetings & decision procedures
  • Periodic monitoring of dividend prospects
  • Ensuring concerns have been appropriately investigated
  • Adhoc guidance for creditors 

Lenders and Chargeholders:

  • Independent Business Reviews
  • LPA or Fixed Charge Receivership
  • Administration Appointments
  • Administrative Receiverships 

Company Rescue

When your business is in financial difficulty it is hard to see the options available to you, this is where Ballard Business Recovery can help. 

Company rescue or restructuring can take many forms depending on the financial circumstances of your company. If a finance option is unlikely, there are insolvency processes available to protect your business whilst restructuring is taking place. This includes:

  • Administration - protects a company from creditor pressure and provides an automatic stay on any current or pending legal actions.
  • CVA - a binding contract between a company and its creditors to pay back some or all of its liabilities over a specified period of time.
  • Company Moratorium - provides a company with protection from the Court against any new or existing legal actions being brought by creditors giving you time to implement a recovery plan. 

Call Ballard Business Recovery now to discuss your situation. 

Company Closure 

If you have decided to close your company, you may not be sure how to go about it, but Ballard Business Recovery can direct you through the process.  

Identifying whether your company is solvent or not, they can offer guidance on the right route to take.  Call now to discuss everything with a member of the team.

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Why Choose Ballard Business Recovery?

It’s simple ….

  • They pride themselves on providing a high quality service tailored to meet your needs.
  • They are friendly and straight talking.
  • They have over twenty-five years’ experience in the industry.
  • They are trusted members of ICAEW Licensed Insolvency Practitioner (UK).

If your business is struggling, don’t waste time, talk to Ballard Business Recovery in Lichfield today.

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