Many businesses can face financial pressures at some stage during their life. Springfields specialise in providing a full spectrum of business rescue, recovery and turnaround solutions on behalf of companies, partnerships and individuals who find themselves experiencing financial difficulties.

Based in Leicester, we are able to utilise our network of contacts and professionals throughout the East Midlands to formulate a tailored solution to any problem, whilst working with you and your existing advisors to resolve them.
Confronting financial difficulties in any business, and particularly in owner-managed and SME businesses, involves significant management strength and self-awareness. The temptation to neglect or deny the problem is often high and, if panic sets in, commercial judgement can desert even the most experienced of business professional.

Not all situations are solved through liquidation or even the need for formal insolvency protection. By identifying trouble and moving quickly to seek assistance, a company or business willing to make changes in the way it operates and enter into formal agreements with its creditors can often avert a crisis and, in many instances, return a company or business to profitability.

Our wealth of experience will widen the options available. We work closely with all of the high street banks and asset-based lenders, particularly those based within Leicestershire, and our involvement carries increased credibility having supported organisations since 2001.

Sometimes it is necessary to use formal insolvency procedure to rescue or restructure a business. See the links below:

Formal Insolvency – Corporate
Formal Insolvency – Personal