Technology Company Rescue
Date: 19th November, 2015 | Author: Chris Laughton | Comments: 0
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.
Contact a Partner
You are welcome twitter.com/sglenholme/sta…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole