Press Releases

September 2010

Insolvency Specialists Added To Lender’s Approved Panel

South West insolvency specialists Milsted Langdon have received a major vote of confidence from a leading asset based lender in a move that could help more businesses along the road to recovery.

The accountancy firm, which has offices in Bristol, Taunton and Yeovil, has been added to the approved panel of the lender, which has offices across the English regions. This means that Milsted Langdon will be providing advice in distress lending situations, where the businesses involved are facing financial difficulties.

Roger Isaacs, an Insolvency Practitioner and partner at Milsted Langdon, said: “Most banks are very careful in deciding which firms of insolvency specialists they use to help them in distress lending situations, because they are mindful of the care and diplomacy required in handling insolvencies. This appointment is testimony to our reputation in Bristol and throughout the South West for being able to offer constructive turnaround strategies, often at very short notice and we are delighted to have been recognised by yet another asset based lender for our corporate recovery services. “

He said that as the recession continued to take its toll, many businesses would require expert advice over the coming months but that talking to insolvency specialists could be just what was needed to get them back on track.

“Even if sometimes directors need their banks to encourage them to seek professional insolvency advice in the first instance, they are inevitably pleasantly surprised to discover that the advice is helpful; that things were not quite as bleak as they feared; that they had more options than they thought; and that many of their preconceptions were unfounded,” he said.

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