Company Insolvency

Administration, Liquidation and Company Voluntary Arrangement (CVA) are just a few of the services we can offer you. An administration, liquidation or CVA can only be administered by a Licensed Insolvency Practitioner. We offer business owners and company directors straightforward and transparent advice in relation to company administration and company liquidation.

Administration

When a company is facing financial difficulties, it can be placed into Administration. Administration is a procedure which places a company under the control of a Licensed Insolvency Practitioner and the protection of the court with the following objectives:

  • rescuing the company as a going concern, or
  • achieving a better result for creditors as a whole, than would be likely if the company were wound up without first being in administration, or
  • if the administrator thinks neither of these objectives is reasonably practicable realising property in order to make a distribution to secured or preferential creditors.

While a company is in administration creditors are prevented from taking any actions against it except with the permission of the court. To discuss what happens when a company goes into administration, please contact one of our team.

Company Voluntary Arrangements (CVA)

A CVA is a legally binding arrangement to enable a reduced repayment to creditors at an affordable rate. A CVA can only be administered by a Licensed Insolvency Practitioner. If the creditors of the company agree, generally the company can continue trading and avoid a terminal company insolvency. To discuss how much a CVA costs, the pros and cons of a CVA or to speak to us for straightforward insolvency advice, please contact one our our team.

Options when a company is insolvent

In simple terms, a company insolvency occurs when a business can no longer pay creditors as they fall due, or it has more liabilities than assets. This does not always mean that a company must be wound up or cease to trade. Refinancing may help to prevent insolvency. Business recovery or restructuring advice from a Licensed Insolvency Practitioner enables directors or shareholders to take the appropriate action. To discuss your options, please contact one of our team.

We look at all the options before advising on a formal company insolvency.

Call us to discuss company insolvency options.

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Here are 3 ways we can help

1.
Call us for
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2.
Call us for re-financing advice
3.
Call us for business or director insolvency support