Croydon-based accountancy firm MDH assisted a recruitment company preparing for an administration, supporting the business through a structured financial restructuring that ultimately saved the business.
Michael Hemme, Founder and Managing Director at MDH, worked closely with the company’s management team to assess the financial position, explored restructuring options and prepared for alternative routes.
During this process, the company successfully secured an equity investment, additional finance of £125k and agreed a new Time to Pay arrangement with HMRC, enabling the business to stabilise its financial position.
As a result, the recruitment company was able to continue trading with improved financial support and a clear path forward.
