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Accountants & Business Advisers

Restructuring & Insolvency Services

Our restructuring and insolvency specialists are recognised for providing practical, level-headed and effective advice to businesses and individuals facing financial crisis. The advice will always be tailored to the specific circumstances.

Companies

Both larger corporate entities and owner managed businesses (OMBs) currently face a difficult trading environment caused by a range of factors in both the macro and micro economic environment  including pricing pressures, increasing costs and customers who default or are slow to pay.

If a Turnaround solution is not viable we have helped companies in a variety of sectors restructure their debts by assisting with informal negotiations, more formal time to pay arrangements or proposals for a voluntary arrangement (CVA).

Should it be necessary we can also advise and act in formal insolvency procedures such as administration (including pre-pack administration, where appropriate) or liquidation.

By taking the proper professional advice you can more effectively manage a difficult situation which is, in all likelihood, unfamiliar.  Our partner led team can discuss the options with you, assist in evaluating them and guide you in implementing strategy.  In the first instance please contact one of our team who would be pleased to answer any questions that you have.

You can also view our Guide to corporate insolvency for further information about the various options that could be available.

 

Sole Trader and Individuals

Individuals, including sole traders, often face financial difficulties as a result of a business failure, relationship breakdown or redundancy.

We can help assess an individual’s financial position and, based on the circumstances.  There a numerous options including informal negotiation with creditors, Debt Relief Orders, Debt Management Plans, Voluntary Arrangements and Bankruptcy which all have benefits and pitfalls.

As licensed insolvency practitioners our advice is impartial and an initial discussion is free.

If you would like any more information or have any questions please contact one of our team, or follow our useful links to the government agencies or charities which may be able to help you. We have a Guide to Individual Voluntary Arrangements (IVAs) and Guide to Personal Insolvency which has more useful information. 

Partnerships

Partners would normally be personally liable for the partnership debts on a joint and several basis which can create a complex situation of interlinking partnership and personal liabilities.

Limited Partnerships and Limited Liability Partnerships (LLPs) reduce the burden to a greater or lesser degree.

We can help you to understand how partnership and personal positions interact and devise an appropriate strategy to achieve the best result for all concerned.

If you would like to arrange a meeting to discuss any concerns you may have please contact one of our team.

Creditor Services

Credit control - If you outsource your credit control to us we can provide you with an expert service from credit controllers who have years of experience, across a large variety of industries.

Making calls in the name of your organisation, your customers/clients need not know of our involvement.  We will keep you regularly up to date with information about expected receipts, record information about disputed invoices and help you resolve them quickly to release payment.

The service can be tailored to your requirements and your budgets, for all or part of your ledger.  If any of your customers or clients  are overseas, we have the language skills required to cover many European languages but - more importantly with many years’ experience of international credit control - we understand their cultures too.

Representing your interests - If you or your Company are owed money and are contacted by an insolvency practitioner we can help you understand the process, your rights and represent your interests in a formal insolvency procedure.

Retention of Title - If you have an existing retention of title (RoT) claim we can advise on the methods available to you recover goods and help you enforce it against your customer or an appointed insolvency practitioner.

If you would like any more information or have any questions please contact one of our team.

Find Out More

Please contact us if you would like to arrange to speak with one of our team or request a quote. Our Guides provide further useful information.