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struggling Business - Liquidation problem (Request government subsidies in…
struggling Business - Liquidation problem
Employing financial consultant
sell fixed Assets
Yes
No
Are sales falling
Yes
No
Reduce workforce
replace labour intensive production with capital intensive
Yes
No
Request government subsidies in vital industries with high unemployment
or pressure on debtors to repay company
Yes
No
Self administrated Bankruptcy?
outsource production functions
or
Offshore production for cheaper variable cost
Undertake a joint venture with another company to share assets and operations
Or
Look for new investors by diluting the ownership
e.g. unused property, machhinery/ equiptment
reduces variable cost
or sell branches/ Companies/ subsidiary to raise
or retrain staff to multi-skill or undertake more than one specialised role
reduce stock through sell out sales/ reduce price
Or discontinue products with low sales