Our Services

WHEN YOU DO NOT KNOW WHICH WAY TO GO, OR THE OPTIONS AVAILABLE TO YOU.

Do not worry, we can advise on the options available to the directors and shareholders of the Company, so YOU can make an informed choice on the route you would like to take.

CASH FLOW PROBLEMS SOLVED WITH SIMPLE PLANS

If your experiencing short term cash flow problems, quite often a plan can be implemented to AVOID all formal insolvency processes. The plan will depend on your circumstances, but will often compare the outcome for creditors to formal insolvency processes.

DESPITE THE NAME "CREDITORS", IT IS THE DIRECTORS THAT DECIDE TO PLACE A COMPANY INTO CREDITORS VOLUNTARY LIQUIDATION.

For a controlled wind down of the business, when the company is unable to pay its debts as when they fall due. This process usually results in the closure of the business, however the assets and/or business can be sold to a new or different Company.  As such the a CVL can be used for a pure exit from the business or for a "Phoenix" scenario. It is popular for its cost effectiveness and ability to write off debts.

A PETITION TO WIND-UP (CLOSE DOWN) A COMPANY AT COURT WHEN UNABLE TO PAY ITS DEBTS.

A Compulsory Liquidation is usually where the creditors or the court present a Winding up Petition against the insolvent Company, to place it into Liquidation as opposed to the directors or shareholders voluntarily doing this. Whether your looking to avoid a winding up petition, or petition for a winding-up, we can advise from both perspectives.

A SOLVENT LIQUIDATION THAT IS A TAX EFFICIENT WAY TO DISTRIBUTE ASSETS TO SHAREHOLDERS ON CESSATION.

Used for solvent businesses, when a company can pay all its debts within a 12 month period or less. Assets are realised or distributed in specie to shareholders and can provide tax savings for individual shareholders.

AN ALTERNATIVE TO LIQUIDATION THAT CAN PROVIDE PROTECTION FROM LEGAL ACTION.

A CVA is a formal and binding agreement with creditors to repay 25 - 100% of the outstanding debt, either as a lump sum or over several years. For this process the underlying business must be profitable (with or without implementing cost savings).

PROVIDES PROTECTION WHILE A COMPANY OR BUSINESS AND ITS ASSETS ARE SOLD.

Aimed at saving the Company, or business and assets through an insolvency process and sale.

USUALLY, A BANK OR SECURED LENDER IMPLEMENTS THE PROCESS.

Usually appointed by the Bank or Secured Lender. Receivership is often at term used instead of Administration, which is more commonly the case.  Receivership only really applies if you have borrowed money from a bank before 2002.

SPECIALIST PROCESS FOR STRUGGLING FARMERS AND THE AGRICULTURAL INDUSTRY.

A specialist remedy available to a secured creditor (i.e. Bank) to take control of the assets of a farmer under the Agricultural Credits Act 1928. 
Whether your looking to avoid an agricultural receivership or appoint such a receiver to recover debts, we can advise from both perspectives, and members of the team have extensive farming knowledge and backgrounds.