Business Insolvency does not always mean the end!!

Provided we are contacted early there are generally more options available to us and you as the business owner. Business re-financing or re-structuring is a possibility as long as you act quickly.

As SOON as you become aware that your business is insolvent i.e. the business is not in a position to pay creditors, it is vital that you act promptly, as directors can become personally liable for the company debts.

We appreciate the need for the right professional advice and as such will arrange a free initial consultation within 24 hours as we appreciate the urgent and sensitive nature insolvency issues.

Company Liquidation

What Is It?

Company liquidation falls into two distinct categories, insolvent liquidations generally referred to as ‘Creditors Voluntary Liquidations’ and solvent liquidations generally referred to as ‘Members Voluntary Liquidations’.

Is It Right For My Business?

Generally speaking your company is insolvent if it is unable to pay its debts as they fall due. Your company can also be insolvent if the company’s balance sheet indicates its liabilities exceed its assets. If in your case these tests apply then the type of company liquidation you would need to consider is a ‘Creditors Voluntary Liquidation’

Company directors are often advised that they should seek a Members Voluntary Liquidation. This is a procedure where surplus assets are available to the company’s shareholders/members, after paying in full all of the company’s creditors.

Both types of company liquidation require a Licensed Insolvency Practitioner to act as Liquidator.

Why Us?

We listen to your concerns and will discuss the options available and the implications of each option. You will not be passed on to junior members of staff as the quality of the service provided is paramount to us. We are efficient in the delivery of a quality service which provides great value for money for you and your business creditors who may be affected by your business insolvency.

You can be assured that our insolvency partners are all qualified licensed practitioners who have gained great knowledge over the years throughout many different industry sectors. You can also be assured that our insolvency partners are provided in accordance with industry standards and are regulated by the ACCA.

We have extended our services to reach not only clients in Nottingham and the East Midlands but also clients on a UK wide basis.