Accountants Baker Tilly is offering a new 'automotive recovery' service for companies which it says are trading on the verge of insolvency. The service includes a free one-hour consultation to determine the extent of a business's problems and its future viability.
Baker Tilly specialises in working with companies to restucture debt and banking arrangement, streamline operations, develop a 'viable business plan' and create effective management controls.
Colin Haig, national director, business recovery at Baker Tilly, said: “The automotive industry is under siege. The economic downturn has moved swiftly into mini-recession, causing business closures and leaving a high proportion of companies trading on a tightrope. Automotive businesses are partoicularly vulnerable and many will not be able to withstand the intense financial pressures facing them.”