Proven Business Recovery Services
All businesses face challenges on a daily basis, some threaten their survival, it is in these situations that we usually get approached for assistance.
The trigger might be the receipt of: a county court judgement (“ccj”); a winding up petition; a statutory demand (“stat demand”); HMRC: Notice of Enforcement / Writ of Control / Control of Goods ( formerly walking possession) agreement. Sometimes it could be a visit from a bailiff or High Court Enforcement Officer.
All the foregoing can be indicators of a business struggling to pay its liabilities as they fall due.
Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement (‘CVA’) is usually used where a Company has a viable core business which is profitable or can return to profitability. The CVA proposal sets out how unsecured creditors will be repaid in return for their support of the rescue of the company.
Company Administration
An Administration Order puts a legal cloak around the Company to protect it from legal action by its creditors, even when statutory demands, county court judgements (“ccj’s”), winding up petitions etc have already been issued.
Creditors Voluntary Liquidation (CVL)
A Creditors Voluntary Liquidation (“CVL”) is traditionally the default end of life process for a company, however it can also create the opportunity to give new life to a viable core business.
Compulsory Liquidation Services
We can assist the directors to place a company into compulsory liquidation alternatively we can help them oppose a winding up order or apply for the hearing to be adjourned or dismissed, apply for a Validation Order, or help them initiate an administration or company voluntary arrangement (“cva”) as an alternative.
Members Voluntary Liquidation (MVL) Assistance
A members voluntary (solvent) liquidation or MVL of a company ensures that the closing dividend (if more than £25,000) is subject to capital gains tax and potentially eligible for entrepreneurs relief.
Insolvency Practitioner
Directors and others need crystal clear advice when dealing with insolvency situations where the wrong move can be calamitous. This applies whether trying to rescue, reconstruct or buy the business. Wrongful or fraudulent trading, misfeasance or breach of fiduciary duty can all lead to personal liability.
Looking for free expert advice from Insolvency Practitioners committed to doing the right thing?
Directors or other stakeholders tend to engage with us when they recognise that they probably need external expert help to save, restructure or guide them through the most appropriate insolvency process to salvage or close the business.
Writs, judgements (“CCJ’s”), seven day demand letters followed by the issue of winding up orders, statutory demands or HMRC obtaining Control orders (walking possession) over company assets, are all signs that a company has reached the point where it is probably insolvent on either a balance sheet basis, liquidity basis or both and is unable to pay its debts as they fall due. This is the point that directors need the expert guidance of an Insolvency Practitioner to avoid becoming personally liable for the liabilities being accrued.
Depending upon who is engaging us, we act for SME and owner-managed businesses, directors, shareholders, private offices, private equity houses, banks, asset based lenders, distressed debt purchasers, local authorities, debenture holders, national and local government bodies and others.
Our services include, cost reduction and redundancy advice, working capital management, risk management, refinance, restructure, accelerated sales and mergers, Company Voluntary Arrangements (“CVA’s”) , Administration , Pre-pack Administration or Liquidation (“CVL”) – with or without a restart.
Personal Financial Services
Often in conjunction with business financial distress the directors own financial circumstances will be under strain, due either to being unremunerated for a period of time or through taking out personal borrowings to support the business.
Our track record in solving businesses and personal financial worry is second-to-none, with our holistic approach to the issues that arise at both a personal and business level.
Our Ethos and Track Record as an Insolvency Practitioner
As we are one of the few insolvency firms that has high-end niche expertise in both personal and business financial distress situations, we are able to solve both situations in harmony, hence providing a seamless one-stop solution to people who have business and personal financial problems.
Business FAQs
Read our Frequently Asked Questions for businesses section to find answers to commonly asked questions regarding personal financial difficulties.
