A professional review that looks at how a company would operate on a day-to- day basis and how it would survive for the next 12 months based on cash flow and profit and loss forecasts.
Can be part of a pre-pack administration or a stand-alone project. If it’s part of an administration it will also cover how the running of the company would differ from the previous management.
A business viability review is to gain a snapshot on how a company would operate and survive for the next 12 months and see if there is a case to be made for being viable.
What does the process include?
The management will state their aims and objectives and how they will go about achieving them. They will also demonstrate how they will run the company better than the previous incumbents. We will compile both cash flow and profit and loss forecasts to highlight any strengths or weaknesses with the management’s case.
Is it legally binding?
A business viability review isn’t legally binding but it gives the most accurate predictor as part of a pre-pack administration process or stand-alone assessment into whether a business proposition or going concern can develop and thrive.
Business Rescue Expert is part of Robson Scott Associates Limited, a limited company registered in England and Wales No. 05331812, a leading independent insolvency practice, specialising in business rescue advice. The company holds professional indemnity insurance and complies with the EU Services Directive. Christopher Horner (IP no 16150) is licenced by the Insolvency Practitioners Association
