GAC Launches Business Recovery Initiative with RDAs

Gore and Company today announced its Business Recovery Initiative to the UK's Regional Development Agencies.

In the present economic climate, Gore and Company is working to raise the profile of Business Recovery and Turnaround work with staff in the UK's regional development agencies.

Gore and Company, whose Senior Partner, Tom Girn, is a member of R3: The Association of Business Recovery Professionals, is keen to work with development agencies and their client companies.

Tom said, "R3 stands for Rescue, Recovery and Renewal and encourages insolvency professionals to seek ways in which businesses can be turned around from financial difficulty. In particular, in a downturn such as the one we are all presently facing, the goals of development agencies and business recovery professionals are closely aligned."

"Early intervention is particularly important if a turnaround is to be achieved. Gore and Company can work with boards of directors, development agency personnel, funding agencies and providers of private finance to develop monitoring and mentoring services, to plan business turnaround strategies and to execute a range of formal and informal procedures allowed in insolvency law to put a company on the road to recovery. We can also assist directors, informing them of their obligations under insolvency law and helping them to avoid pitfalls such as falling foul of wrongful trading legislation."

The attached presentation sets out the services Gore and Company is offering to Regional Development Agencies and their clients.

Gore and Company is offering to provide development agencies and similar bodies with staff briefings on the options available to struggling businesses with prospects of recovery, on Business Recovery and Turnaround Practice and on the services offered by Insolvency Practitioners more generally. The emphasis is on recovery, in line with our interest in R3, but with a clear overview of all of the options available to a business in difficulty.

Please contact us for further information.

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