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Business Turnaround Specialists

Approved Recovery’s business turnaround and advisory service gives struggling companies early-stage support from a licensed Insolvency Practitioner, helping directors stabilise cash flow, manage creditor pressure, and choose the best route to recovery using decades of combined experience.

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Business turnaround and advisory services

If your business is experiencing financial difficulties, obtaining advice from a licensed Insolvency Practitioner at the earliest stage is essential if you wish to give your business the best chance of being turned around.

What is business turnaround?

Business turnaround is the process of avoiding failure or stabilising a struggling business and making changes that lead to sustained improvements and regrowth.

Recognising the signs early and facing these head on is the first step to recovery. Early warning signs could be any of the following:

Shortage of cash
Lending facilities at maximum limits
Overdue supplier accounts
Overdue payments to HM Revenue & Customs
Overdue rent
Creditor pressure
Declining revenue streams
Bad debts
Loss of a major customer
Management accounts showing a loss
Overdue statutory accounts and/or tax returns

What is a turnaround strategy in business?

In a turnaround strategy, directors’ duties shift from all stakeholders to creditors. Directors need to be aware of company and insolvency legislation and how these laws impact on both the company and them personally. Obtaining expert advice from a licensed Insolvency Practitioner is therefore strongly recommended.

The main aim of business turnaround is to quickly remove the risk of the company going into a formal insolvency process and restore the company to normal business.

Why use us as your business turnaround specialists?

Approved Recovery will consider all options available and help you determine the best way forward. Our team has been assisting small companies for a combined 49 years, so we are confident that we have the expertise you need.

We will support management allowing them to focus on the day-to-day running of the business and help manage any problematic stakeholder and creditor relationships. We also have long standing relationships with other experts such as solicitors and agents, so we’ve got you covered.

Marcus Tout

Insolvency Practitioner

With a passion for delivering exceptional client service, Marcus was eager to start up a firm of Insolvency Practitioners providing liquidations to small companies.

Request a free consultation

Simply complete our contact form and our insolvency specialist will call you back to offer no-obligation advice.

Our Key Services

Approved Recovery specialises in providing Liquidations to small companies nationwide.

Not sure where to start? Please feel free to contact us directly to learn more.

Over 49 years combined small business experience

Speak with a Licensed Insolvency Practitioner

We are a small business dedicated to providing exceptional client service. Contact us today and we will be happy to discuss your needs.

Step 1.

Start with a free, no-obligation call with a Licensed Insolvency Practitioner.

Step 2.

Once you choose to proceed, we prepare all required documents and filings electronically saving you time and keeping costs low.

Step 3.

We manage all statutory steps, communicate with HMRC and creditors, and keep you informed at every stage.

Approved Recovery is rated 5 out of 5 on Google Reviews.

Highly Rated by Our Clients

You can read our insolvency practitioner reviews below, and if you would like to leave us a review please do so on Google here. We value client feedback about our insolvency services.

I approached Approved Recovery during a difficult period for my business and asked them to provide advice and guidance on the most appropriate next steps. Marcus was diligent and candid in his advice and really helped me in my time of need throughout the process. I couldn’t have wished for a better provider.

As a qualified management accountant, it is important that any professional advisors I use or recommend to clients meet the standards I expect.
Approved Recovery Limited are professional, very knowledgeable and provide a personal service. I highly recommend their services.

I decided to appoint Approved Recovery after a consultation with Marcus Tout, a licensed liquidator and the founder of Approved Recovery, during which he calmly explained that a liquidator protects the interests of the creditors (not the shareholders) and described how providing certain types of advise would conflict with those interests. This was vastly different from the ‘conveyor belt’ approach proposed by other liquidation practitioners on the market, and I found it reassuring.

The level of service provided by Approved Recovery was truly outstanding and often cannot be found in even the most prestigious professional services firms. Marcus Tout is extraordinarily knowledgeable, highly professional and very responsive. I was extremely impressed with Approved Recovery, and I would highly and confidently recommend their services to anyone.

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Speak with a Licensed Insolvency Practitioner Today

We provide confidential advice, transparent pricing, and a friendly, experienced team dedicated to helping directors.

Nationwide Insolvency Support

We have invested heavily in information technology to ensure optimum efficiency. With developments in modern communications, we are able to service small companies nationwide, providing the same level of service regardless of location.