Support for Accountants & Bookkeepers

Free consultation on insolvency options

Initial meeting where we take time to understand your client’s business, understand their pressure points and understand what the directors hope to achieve. Once we have this information, we can look at all options available. This will allow the directors to make an informed decision on the way forward and ensure they are aware of the risks involved in continuing to trade an insolvent business. This meeting is provided free of charge and can take place at a location convenient to your client.

Competitively priced Members Voluntary Liquidations (MVL’s)

When a company has reached its natural conclusion or has ceased trading, there are tax advantages of placing a solvent company into liquidation, We will always work closely with the client’s current advisors to conclude a Company’s affairs in an efficient and timely manner. With careful tax planning, early distributions of surplus funds can be made to shareholders almost immediately upon the appointment of a liquidator.

The whole Members Voluntary Liquidation process can usually be concluded within 6 months, with the Company being struck from the Registrar of Companies shortly afterwards.

Creditor support

We can provide expert advice and support to to your client if they are impacted by or experiencing insolvency. We can offer our industry knowledge to help them understand each step of an insolvency process with a view on maximising returns and seeking the best outcome for them, as a creditor.

Insolvency is a complex process and statutory requirements when reporting on insolvency can sometimes mean reports are not always easy to understand for those unfamiliar with the processes. We can decipher any correspondence and reports to help your client understand their position.

We can also help complete all insolvency documents, such as lodging proxies and claim forms to ensure clients maximise their return and receive whatever dividends they may be entitled to. If necessary, we can also represent your client at any creditor meetings convened.

Specialist advice

We offer free advice either directly to your client (or through you) on a range of issues such as:

• Dealing with winding up petitions
• Concerns about trading whilst insolvent
• Pressure from HMRC, landlords or secured lenders such as banks.
• General creditors pressure
• Personal guarantee
• Bounce back loan repayments.
• Directors’ loans
• Cash flow management and informal agreements with creditors
• Commercial finance

All initial advice and guidance are provided free of charge, we would love the opportunity to support you and your clients. It is more important than ever that you reach out to us early, as the earlier you do the more options there will be.