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We have extensive experience in a wide range of business recovery solutions, explore some of our top guides below
It can be hard to figure out what the next steps are when a business is facing difficulties, we have collected some of the most common issues in the articles below. We understand that every situation is different, for a tailored solution for your business, please get in touch
Creditors’ Voluntary Liquidation
If your Company’s finances have reached the point where a rescue or restructuring solution is unlikely to be possible, it is usually most appropriate to place the Company into Creditors’ Voluntary Liquidation (also known as CVL).
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Administration
Administration provides immediate protection against action being taken by Company creditors such as your suppliers or HMRC. This is important as it buys you time to determine the best strategy for you and your business.
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Company Voluntary Arrangement
A Company Voluntary Arrangement (or CVA as they are commonly known) is a legal contract between your Company and its creditors where the Company typically pays a monthly payment based on what its cash flow forecasts say it can afford.
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How to close your company
If you are a Director wanting to close your Limited Company, the appropriate method of closure is entirely dependent on your Company's circumstances. Our step by step guide explains all of the options for you.
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Members' Voluntary Liquidation
Sometimes a Company has run its course or the shareholders simply want to bring it to a close and move on with another venture. An MVL is a form or solvent liquidation which enables shareholders to extract value in a tax efficient manner.
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Redundancy
For many Companies that have been trading for a long time or have a large number of staff, one of the biggest barriers to returning to profitability is the inability to downsize due to prohibitively large redundancy costs.
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Having to consider putting your company into Creditors’ Voluntary Liquidation (or CVL) is not something any Director sets out to have to do. Nevertheless, it is something that a great many Directors…
The prospect of putting your company into Administration can be extremely daunting. After all, you’re handing over the running of your company to someone else. Whilst it is true that technically an…
Sometimes a Company has run its course or the shareholders simply want to bring it to a close and move on with another venture. If you find yourself in this position, there are normally 2 key…
After more than 20 years in business, this company had begun to see its turnover decrease slowly year on year as customers began to look to make cost savings. This decline in turnover steadily took it…
This company had been working as a contractor on Government projects for some years and had enjoyed a steady income stream. Unfortunately, as a result of Government cutbacks, the company’s cont…
This company had operated profitably and continued to grow for over 3 years before a period of exceptionally heavy Spring rain and late frosts caused prolonged delays to all of its contracts. These de…
With over 30 years’ experience in company insolvency and business recovery, we have the knowledge and most importantly, the understanding, to be able to assist you whatever your business circumstances may be. We will work with you to find the right solution to help you and your business, be it restructure, recovery or simply helping you to walk away and move on.
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We know the difficulties businesses experience in the current economic climate and the pressure directors find themselves under. Because of this, we will listen to you and understand your situation in order to work with you to find the right solution for you and your business.
