Interesting case related to insolvency
BBK dealt with an interesting case a client was seeking insolvency advice. The client operates in the alternative fashion industry manufacturing clothes in the UK. The Company had enjoyed tremendous growth and in anticipation of further growth had taken on very large premises for expanding its operation. Even though the Company's core operation was profitable, the growth was not to the anticipated levels and it was struggling to pay its enormous overheads.
BBK were able to provide strategic planning and helped the Company to relocate to a new premises where the Company could reap the benefits of its profitable areas and actually operate at a better level of profitability by concentrating on its core activities. By restructuring its business and losing the loss making aspects of the Company it has now gone from strength to strength. The close relationship now established with this client over many years of regular contact enables the quarterly meetings to be an ideal platform for discussing business development ideas.
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