INSOLVENCY isn’t always the end of the road for businesses, according to newly appointed MHA Monahan’s insolvency senior manager Dan James.

The recently hired specialist to the Swindon-based firm has 15 years of experience helping companies and individuals through financial difficulty across the South West.

Dan said: “The insolvency process is not always the end of the road for businesses but can sometimes be a chance to look at different ways of working or other factors to turnaround a company.”

“Sometimes we will look at creating an accelerated business sale process, or a voluntary arrangement to try and avoid a close down or liquidation situation.

“We also specialise in solvent liquidations that enables business owners to extract funds in the most tax efficient manner allowing them to pursue other goals and opportunities.”

Steve Elliott, business recovery and insolvency Partner, added: “There has been continuing demand for our services from companies across the South West as the region continues to face tough economic conditions and we are delighted to have Dan onboard."

According to the ONS insolvencies in England and Wales are at their highest level since January 2014.