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Simply Good Advice

T: 01782 646320 (Trentham Office)
T: 01782 444204 (Baddeley Green Office)

E: info@rjssolicitors.com

 

Business Review and Solvency

At RJS we do like to help existing charities and social enterprises look at new opportunities and different ways of working.

Part of that does include advising trustees on their duties and obligations when there is an issue of solvency to consider.

If you are in this situation we strongly advise you to contact us as a matter of urgency. This is because continuing as normal whilst potentially insolvent can have very serious legal consequences.

We do understand that Charities can naturally come to the end of their life in the same way as any other organisation. When that is the case we can assist in a dignified way that is respectful of a charities work and social contribution.

Most importantly we like to advise how to do this in a way that protects trustees, staff and volunteers in the event of that becoming necessary.

 

How can we help?

We can advise on:

  • Anticipating Financial Crisis
  • Avoiding Wrongful Trading and Other Insolvency Offence Issues
  • Trustees Duties to Deal with Financial Crisis
  • Prudent Reserves Policies
  • Financial Review
  • Business Review
  • Interim Management
  • Rescue Provisions
  • Closing Down a Charity or Social Enterprise