Business Recovery for the Events Sector
Running an events company comes with constant pressure. From tight schedules to sudden cancellations, businesses in this sector often deal with uncertainty. When things go wrong, the financial impact can be immediate and serious. At Campbell Crossly & Davis, we specialise in events business recovery, helping event companies recover, rebuild, or close responsibly if needed. Whether you are facing cash flow problems or growing debts, our team is here to guide you through every step of your business recovery.
Why Events Companies Face Unique Challenges
Events companies rely heavily on planned bookings and fixed dates. One cancelled event or late payment can cause serious issues across the whole business. On top of that, the industry is affected by outside factors like:
- Increased costs for venues, suppliers and staff
- Changes in customer habits since the pandemic
- Bad weather or unexpected emergencies
- Uncertainty around indoor events or public gatherings
If any of these issues sound familiar, you’re not alone. Many event companies are now looking for ways to reduce risk and recover from recent setbacks.
How We Help With Business Recovery
At Campbell Crossly & Davis, we understand that every event business is different. Some can be turned around with the right advice and support, while others may need more formal steps. Below are some of the main ways we help:
Restructuring and Informal Support
If your business is still trading but under pressure, we may be able to support you with informal changes such as:
- Renegotiating terms with suppliers
- Cutting unnecessary costs
- Finding new finance to boost cash flow
These changes can help reduce stress and give your business time to recover.
Formal Business Recovery Options
If debts are growing or pressure from creditors is high, more structured steps may be needed. These include:
Company Voluntary Arrangement (CVA):
A CVA is a legal agreement that allows your business to repay debts over time. It helps keep the company running while managing what you owe.
Administration:
This process protects your business from legal action while we work with you on a recovery plan. It gives breathing space to see if the business can be saved.
We’ll help you decide which option is right based on your current position, future plans and income potential.
Closing a Business the Right Way
Sometimes recovery is not possible. If your company can no longer pay its debts, a Creditors’ Voluntary Liquidation (CVL) may be the right step. This allows you to close the business properly while meeting legal duties and protecting creditors.
In a CVL, we:
- Handle the full process from start to finish
- Value and sell any business assets
- Make sure directors understand their responsibilities
While this can be a hard decision, it also brings clarity and a fresh start.
Planning for Future Disruption
We also help event companies put plans in place for the future. A strong business continuity plan prepares you for setbacks and reduces the risk of major disruption.
Your plan should include:
- Key staff roles during a crisis
- How you’ll keep in touch with teams and clients
- Backup systems for your data and operations
- Emergency actions for venue or supplier failure
By being prepared, you can respond quickly and reduce downtime when problems arise.
Rebuilding with a Clear Strategy
Recovery is not just about getting through a tough period. It’s also about building a business that can last. At Campbell Crossly & Davis, we help you understand:
- Where you are losing money
- Which services or events are most profitable
- How to adapt to changes in the market
- Whether a shift to online or hybrid events is right for you
We also help you manage costs, review contracts and make smarter decisions about suppliers, venues and staffing.
Supporting You and Your Stakeholders
A struggling business affects more than just its owners. Your employees, clients, and suppliers also need clear updates and support. We help you:
- Communicate clearly with staff
- Manage expectations with clients and partners
- Talk to creditors in a professional way
Having a team behind you that knows the events industry makes a big difference.
Why Work With Campbell Crossly & Davis
We specialise in helping event companies through tough times. Whether you’re looking to recover, restructure or exit the industry, we offer practical support without confusing jargon.
Our team is experienced in dealing with businesses across the events sector, including:
- Wedding and party planners
- AV and lighting providers
- Festival and exhibition organisers
- Conference services and venue hire
- Equipment and logistics suppliers
You’ll always speak to someone who understands how your business works and what your next steps should be.
Speak to Us Today
If your events business is facing financial problems, we’re here to help. At Campbell Crossly & Davis, we offer honest advice and clear solutions. The earlier you reach out, the more options you’ll have.
If you’d like to find out more and book your consultation, please get in touch with the team via 01253 349331 or info@crossleyd.co.uk