Services for Entrepreneurs and Directors

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Why you need TMP

From time to time entrepreneurial endeavour fails – in fact about 1 in 3 start ups fail.

It's not just your business that should concern you - it's competitors, your clients and suppliers. Their potential distress can also create opportunities for you.

So, if you are going to be entrepreneurial – at some stage, you are going to need the help of skilled turnaround, rescue and insolvency experts.

How we can help you

As the only leading independent firm of insolvency practitioners that specialises in avoiding insolvency, we will help you:

  • Establish what the financial and commercial position is
  • Establish what your objectives should be
  • Establish what options you have – and what the advantages and disadvantages of each option are
  • We will then implement the plan with you
    • Our first priority is to avoid insolvency with a realistic and viable turnaround plan.
    • If we cannot achieve this, but if there is a viable turnaround plan and the restructuring needs the deeper cuts made possible by a formal insolvency – then we will take you through that process – ensuring a much stronger business emerges on the other side.
    • If the business is insolvent and there is no viable business going forward, in other words your business is terminal, then we will bury it for you and ensure full legal compliance, and minimise any negative knock on effects.

When to call us

We give lots of entrepreneurs’ free advice well in advance of the business ever becoming distressed. However, if the business does become distressed, call us straight away and we will respond immediately.

Why TMP?

  • We are a leading independent firm with an excellent track record both large and small cases.
  • We are entrepreneurs ourselves – so we understand what you are going through.
  • We are independent and acting for you, this is important.
    • Some firms may have recurring relationships with banks – meaning they are motivated to recover funds for the bank rather than make your turnaround work.
    • There is not always a conflict, but there are many circumstances where entrepreneurs and directors can feel badly done by, so it’s prudent to guard against this by choosing a leading independent firm. If there is a bank involved, you need an independent specialist advisor.
    • Restructuring and insolvency often requires taking certain action against a third party – for example litigating against a major listed companies or a bank.  We have often come across cases where a firm cannot take action in an insolvency because they may be taking action against a client or key business relationship.  Therefore, working with a leading independent firm is often invaluable.
  • We provide a complete range of services – including access to turnaround finance.
  • We have an extensive range of contacts in this niche sector. This is very important as it is often crucial to getting deals done - efficiently and effectively.