Tax Arrears Solutions takes a hands-on approach to helping companies facing financial uncertainties. We will take the time to review working capital management by working with management and their advisors and devise solutions to improve cash flow.
Tax Arrears Solutions is a central component in our cash planning service.
We recognize the importance of communicating with all creditors but the Revenue Commissioners, in particular, warrant close attention as they have access to a range of recovery processes including attachment orders, judgements and winding-up petitions that can undermine any turnaround initiative. In our opinion an immediate and proactive stance needs to be adopted to prevent a chain of events from escalating to the point where directors lose control.
Kroll has assembled one of the leading national teams who are dedicated to assisting businesses with tax arrears to secure realistic and achievable repayment plans. We have a proven methodology and strong track record in obtaining time to pay arrangements. We also take the time to ensure management's strategy is appropriate and adequate in facing all the challenges ahead, that second opinion can be very valuable.
Our service is recognized by the main financial institutions and professional advisors who regularly engage our services on behalf of their clients.
In situations where negotiations between directors and Revenue Commissioners have reached an impasse, an independent and third party viewpoint as provided by Kroll may often be welcomed by all parties and result in reaching an agreeable solution.
At Kroll, we are committed to turning ailing businesses around.
Kroll's Business Advisory team aims to help directors, lenders and stakeholders maximize value by providing hands-on practical turnaround guidance and support.
Kroll Debt Advisory works in partnership with corporate clients and their stakeholders to ensure the most effective and appropriate funding solutions are in place. We aim to become the 'trusted advisor' to clients and lenders alike.
Examinerships are a key option for businesses that are under pressure due to their overall liabilities, whether to banks, the Revenue Commissioners or general creditors. They allow the company to explore all possibilities for survival.
In an ideal scenario, businesses can reorganize themselves through voluntary agreements and re-negotiations with creditors. When this is not possible, schemes of arrangements can be used as an independent process to maintain business and continue trading.
At Kroll, we believe relationships are an extremely important element in achieving a successful outcome to a receivership. We respond to our clients’ organizational style and we understand the commercial challenges that they face.