We were asked by the bank to have a look at the financial affairs of a local service company. Following a meeting with the client we advised they had no option but to liquidate their company. The directors had been under severe pressure from creditors for the past 6 months and after the initial shock of hearing our advice they realised it was the only solution. The directors have now had a new lease of life and have started a fresh company with a structured model. We also managed to secure an invoice factoring facility which will provide the company with working capital to trade going forward.