Technology Company Rescue
Rescue is the appropriate solution for viable businesses in financial distress. For Mercer & Hole’s restructuring team this is more than a belief – it’s what we do.
With many owner managed businesses struggling to obtain additional bank finance to boost their liquidity, what options are there for companies that are exhausting their cash reserves?
Two directors who sought timely advice ran a company with an exclusive licence to use a software package in the premium finance industry. Over a period of time, the company had invested a large amount of money in adapting and enhancing the software, to the extent that the only significant asset on its balance sheet was its intellectual property rights. The problem was a common one for startups: the company’s customer base had not grown sufficiently to support the operating costs and its investment funding was running out.
To read more about how our Restructuring & Insolvency team rescued a technology company click this link: https://www.mercerhole.co.uk/technology-company-rescue
If you would like us to provide you with any help, guidance or assistance in dealing with a company that is in financial difficulty, then please contact us on 020 7236 2601.
Date: 19th November, 2015
Articles from this Author
23rd March, 2018
20th July, 2017
Recast European Insolvency Regulation
26th June, 2017
The Recast European Insolvency Regulation (the “Recast EIR”)
28th November, 2016
Corporate Advisory Services & Brexit
Contact a Partner
Business News from Mercer & Hole Accountants - Considering outsourcing your financial functions? Read on... mailchi.mp/stalbans-chamb…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole