Services
There’s lots of ways we can help you in different areas of your business. To find out more please read more below.
Business Rescue
A business rescue plan will be personalised to your situation and could involve financial restructuring, negotiating with creditors, and identifying potential new investors.
Members Voluntary Liquidation (MVL)
A Members Voluntary Liquidation (MVL) is used to wind up a solvent company. It is initiated by the company's shareholders (members) when they decide to cease trading (shutdown) and distribute the company's assets among themselves. It is viewed as a tax efficient method of extracting value from the company.
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between you and your creditors (the people or organisations to whom the individual owes money), typically based on the individual agreeing to repay a portion of their debts over a set period of time. IVAs are available in England & Wales.
HMRC Debt Management
Debt Management can include HMRC Time To Pay (TTP) arrangements, they are structured plans for the repayment of tax debts over an agreed time period.
Creditors’ Voluntary Liquidation (CVL)
Allowing a company to wind up its affairs. It is initiated by the company's members when they believe that the company is insolvent and unable to pay its debts.
Compulsory Liquidation
A Compulsory Liquidation is initiated by the court following a petition for winding-up (made by creditors or company directors). This means that all of the company's assets will be sold to pay its debts, and the company will be liquidated as a result.
Company Voluntary Arrangement (CVA)
Company Voluntary Arrangement (“CVA”) A company voluntary arrangement (CVA) is a binding agreement between a company and its creditors, it allows businesses to repay their debts over a period of time by entering a formal agreement with creditors.
Cash Flow Problems
Cash flow issues occur when a company has insufficient funds to meet its financial obligations and cover operational expenses.
Bankruptcy
Bankruptcy is a process that is issued by the court. Either a creditor can petition for your bankruptcy, or you may file for your own bankruptcy. Bankruptcy can be a simple way of bringing your financial obligations to an end.
Administration/Pre-Packs
Creating a legal stay against action by creditors. This can give companies time to develop further proposals aimed at satisfying creditors and returning the company to a position of viability.
