Help For Your Business

With this option, time and speed are key: the earlier we can advise you, the more likely it is your business will survive and avoid a formal insolvency process.

On a practical level, here’s how you can benefit from our help:

1. Carry out an initial assessment on the Company’s trading, to find the reasons for non-performance.
2. Discuss whether the business is (or can be) viable going forward.
3. Assess whether a formal insolvency procedure can be avoided.
4. Review whether, with careful management, the Company can trade out of its present position.
5. See whether the Company is able to refinance, or will benefit from restructuring.
6. If formal insolvency proceedings cannot be avoided, advise on the options available to the Company.
7. Assist with creditor negotiation in the short term whilst a formal survival plan is prepared.

After this assessment, you’ll get practical solutions for your company’s survival and, ultimately, an exit strategy for you and all stakeholders.

Most important of all, you’ll receive the best support and assistance for your needs, based on your circumstances, at an affordable investment, and one which can give you a considerable return.

A Company Voluntary Arrangement (CVA) is flexible, but usually lasts for a fixed time period where the debt (or an agreed percentage) is repaid under terms agreed with unsecured creditors in full and final settlement.

Please click to read more: Company Voluntary Arrangements

When your company goes into administration it receives a moratorium i.e. legal protection.

This means creditors can’t start or continue any legal action against your company, which gives you time to restructure your business and plan an exit strategy. Administration may allow for the sale of the business as a going concern. In some instances it may be appropriate to use the ‘Pre-Pack’ Administration Process to protect the asset value.

Please click to read more: Administration

A Members Voluntary Liquidation (MVL) is the winding up of a solvent company and is usually used by shareholders wishing to close their company and withdraw their capital.

Please click to read more: Members Voluntary Liquidation

Contractors with a Personal Service Company

The IR35 Reform may have implications on your tax status and so you may want to consider closing your PSC – an MVL may prove the most cost-effective solution. Read more.

A Creditors Voluntary Liquidation (CVL) is the winding up of an insolvent company. The Directors and Shareholders conclude that the company should be wound up and pass a resolution to this effect and appoint a liquidator.

The company will cease to trade and any assets will be released by the Liquidator for the benefit of creditors

Please click to read more: Creditors Voluntary Liquidation

A restructuring plan is a recently introduced court-supervised process that allows financially distressed companies to restructure their liabilities and reach a binding compromise with their creditors and/or shareholders.

Please click here to read more