Our Team of Insolvency Practitioners and Insolvency Specialists have beaten their target of walking virtually from Land’s End to John O’Groats to raise awareness for Mental Health
We’re delighted to announce that our teams of insolvency practitioners and insolvency specialists (from our office in London, Brentwood, Croydon, Salisbury, Bournemouth, Bristol, Abingdon and Reading) smashed their target of walking virtually from Lands’ End to John O’Groats in September. So much so that the total completed distance took us well on the way to Iceland! Best of all is that we raised £1,670 for MIND, who do so much great work in providing advice and support to empower anyone experiencing a mental health problem. They also campaign to improve services, raise awareness and promote understanding.
Thanks to all our team members for putting in the miles and to all of our sponsors for helping us raise the money. Our initial target was £500, so we have smashed that too!
Mental Health and Insolvency
People with financial difficulties are more likely to suffer with mental health problems. In a report, the Money and Mental Health Policy Institute found that 18% of people with mental health problems may also suffer with debt issues and that 46% of people in problem debt also have a mental health problem.
The report suggested that c.1.5 million people struggle with Mental Health issues and problem debt at the same time and that the situation can be made worse if they are treated insensitively by creditors.
As insolvency practitioners, we regularly see the stress and strain that business difficulties can cause company directors and their staff. Elaine Wilkins from our Bournemouth Office decided to do something about it and is now a trained Mental Health First Aider.
Elaine points out:
“The stories of sleepless nights, growing anxiety and deepening depression are all too true for those individuals and business owners who are facing problem debt and, ultimately, insolvency. Sometimes our advice is sought too late, and the only way out is a liquidation. Even then, we can help lessen stress and strain by taking over the work of dealing with creditors. If contacted quickly, the chances of turnaround and recovery are much improved, perhaps via an Administration or a Company Voluntary Arrangement, where once again, we take the strain.”
If you or your company is facing insolvency due to problem debt, HMRC arrears, cashflow or other financial problems and you are stressed and anxious about what to do, then please do contact us for a fully confidential, and FREE initial discussion at any of our offices.
At the meeting, our highly qualified specialists will provide you with independent, professional assistance/guidance and go over all the possible options, to help take the stress and strain away.
Contact us for help and advice on insolvency, restructuring and recovery at any of our offices.
- Thames Valley, Oxfordshire: 01235 507001
- London: 0208 088 0633
- Brentwood: 01277 554002
- Salisbury: 01722 512001
- Bournemouth: 01202 923009
