Limited Companies
How We Can Help
The causes of business failure can often be varied. We have set out below some of the procedures available to assist Directors.
Administration
The court protection provided by this procedure will provide time to prepare a corporate survival plan, which may include a Company Voluntary Arrangement.
Voluntary Arrangement
This flexible arrangement allows agreement to be reached with creditors on how unsecured creditors are to be paid from either realisation of assets or future income. The proposal will generally offer creditors less than payment in full.
It is now possible for a company to obtain a protective moratorium, to allow time for agreement to be reached with creditors.
Turnaround Services
Assessment of a company's performance in order to determine the reasons for failure to achieve objectives. Thereafter providing a practical solution for the company's survival.
Private Equity For Distressed Companies - some companies require restructuring in addition to hands on investment. We often recommend Bridport Capital who specialise in offering an intensive turnaround service in return for a minority interest in the company. More details about their service can be accessed via their website www.bridportcapital.co.uk
Winding-Up Order Annulment
In the event of a Winding-Up Order being made incorrectly, application may be made for it to be annulled.
Other Services Provided
Creditors Voluntary Liquidation
Advice will be provided to directors on their statutory responsibilities, and assistance given in placing the company into liqidation and dealing with the assets of the company. Representation provided for creditors meetings.
Members Voluntary Liquidation
For solvent companies only. Advice will be given on the procedure to be followed and assistance given on realising and distributing the assets of the company to ensure tax planning opportunities are maximised.
Compulsory Liquidation
Advice will be provided to directors on their statutory responsibilities and obligations. Representation provided for creditors meetings.
Other Appointments Taken
- Provisional Liquidator
- Administrative Receiverships
- LPA Receiverships
- Investigations
For more details on how we can help you please contact us on our FREE Advice Helpline 0800 169 3227 8am to 8pm 7 days a week.