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Business Restructuring and Insolvency (BRI)

Our primary focus is to advise and support in the recovery of a struggling business.

This can often be achieved through a refinancing or restructuring although we recognise that this is not always possible. Therefore, as licensed insolvency practitioners, we are able to act in a suitable formal insolvency procedure.

We also help clients realise successful business investments tax efficiently and securely by means of a solvent liquidation (MVL) on which we offer a competitive fixed price service.

BRI Services

We offer a variety of services to suit all businesses which can be found below. Please get in touch for any further information.

Having gained an insight into your situation, we will explain the different options available to you, the benefits and pitfalls of each, and will answer the questions you will undoubtedly have.

Corporate

The issues facing larger businesses can be complex and involve a variety of stakeholders.

We feel that 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.

If you would like to arrange a meeting to confidentially discuss the issues affecting your business please contact one of our team.

Insolvency Services

Help for struggling businesses with cash flow problems.

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

  • improving cash flow,
  • growing markets,
  • increasing sales,
  • reducing costs,
  • business recovery and
  • turnaround plans. 
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 individuals financial position and, based on the circumstance, advise on the best way forward.  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 us, or follow our useful links to the government agencies or charities which may be able to help you.

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 us.

SMEs

Small and medium sized businesses currently face a difficult trading environment caused by a range of factors including pricing pressures, increasing costs and customers who default or are slow to pay. Refinancing working capital has also become increasingly difficult.

We have helped when SMEs, in a wide range of sectors, need to restructure their debts by assisting with informal negotiations or 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 or liquidation.

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.

Solvent Liquidation (MVL)

A solvent liquidation or Members Voluntary Liquidation ('MVL') is a statutory process in which a company's assets are realised and distributed to the shareholders so that the company can then be dissolved.

An MVL can form part of a wider group reorganisation and we work closely with our tax team in order to ensure efficient tax planning.

If you would like a quote or more information please contact us or see our Guide to solvent liquidations.

BRI Information & Guides
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