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Insolvency Practitioner

The only way to get immediate protection for your business.

When making any significant business decision it is important to make sure that you get the right advice. This is particularly true if your business is experiencing financial difficulties as you are likely to be under pressure from creditors and may be beginning to suffer with the stress of the situation. In these circumstances, finding supportive and well structured advice as soon as possible ensures that you have the maximum number of options available and can also go some way to alleviating some of the pressure you are under.

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How Insolvency Practitioners Work

When you initially approach an Insolvency Practitioner, their job is to advise you as a director and as such the advice given will focus on your view of the Company’s financial position and your future objectives for the business. You will also be advised on your responsibilities as a director and on your duties in the period between receiving initial advice and entering into any formal insolvency process.

Once an Insolvency Practitioner informally appointed in an insolvency process, be it as liquidator, administrator or supervisor of a voluntary arrangement, their primary duty becomes to the creditors rather than to you as director. As such, the Insolvency Practitioner must then act in the best interests of the creditors as a whole.

A good Insolvency Practitioner will make you aware of their changing duties from the outset and will ensure that the advice given to you in the initial period takes account of their responsibility to creditors to ensure that your objectives for your business can be achieved without any unpleasant surprises in the future. Because of this, it is important that you deal with and are advised by an Insolvency Practitioner from the outset rather than by an unqualified “business recovery expert”.

Businesses Rescued

£ Distributed To Creditors

Jobs Saved

Personal Guarantees Reduced

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Our Insolvency Practice

Our Insolvency Practice is headed by Peter Anderson and Alan Fallows who are supported by an additional 6 partners together with a team of experienced professionals. The firm has been providing outstanding professional services since 1948 and during this time has come across almost every type of business imaginable. The current team of partners has over 200 years’ combined experience ensuring we can always give you the best advice whatever your circumstances.

Our Insolvency Practitioners are Licensed and Regulated by The Institute of Chartered Accounts in England and Wales (ICAEW) and by the Insolvency Practitioners’ Association (IPA) and are also members of The Association of Business Recovery Professionals (R3). Because we take our Regulation seriously you can be assured that the advice you receive is the best advice for you and your business.

All of our Insolvency Practitioners are friendly and approachable so call us today on 0800 0843 406.

If you would rather request a call back, you can contact us here or use the form at the top right of the page and we will get back to as soon we can.

Services We can Provide

1. Liquidation

Liquidation brings and end to your Limited Company and all of its debt. You are then free to either set up a new debt free business or just walk away stress free.

2. Administration

Administration provides immediate protection for your business. This buys you the time needed to work with our Insolvency Practitioners to agree a successful rescue plan for your business.

3. Pre Pack

A Pre Pack is a form of Administration where the sale of the business and assets is agreed prior to the Administrator being appointed. This allows your business to continue without interruption to your clients.

4. Voluntary Arrangements

A Voluntary Arrangement is a formal agreement with all of your creditors to make monthly payments based on your cash flow forecasts. Once a Voluntary Arrangement is in place, you are protected from any further recovery action.

5. Finance & Funding

We have an in house Corporate Finance Team who are able to provide a full range of business finance and funding solutions. We specialise in providing solutions to distressed business who otherwise would be declined.

When you get in touch with us, you will speak directly to a licensed Insolvency Practitioner from the outset.  We will take the time to understand your Company’s financial position, what your future intentions are for the business and ultimately what outcome you are hoping for. Whichever route you choose, we will help you put appropriate plans in place and will guide you throughout the process.

We'll help you make the right choices

Call us now for free initial advice

Why Choose Us ?

We will always take time to listen to you to understand the issues that your Business is facing and the outcome you are hoping for. We will then be able to advise you on the best solution for You and Your Business.

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Learn more about the different options available to You and Your Business.

r3 association
acca
icaew
insolvency practitioner association