Company Recovery
We provide an independent national advisory service to the Directors of UK SMEs to assist negotiate & implement company recovery from insolvency.
The Enterprise Act 2002 introduced new legislation emphasising company recovery to protect employment that can be utilised to:
- Write-off unsecured debt (including VAT, PAYE & tax arrears);
- Release it from onerous agreements (Personal Guarantees excluded);
- Protect a company from legal action whilst its financial position is reviewed.
If recovery is not viable, the Directors may consider placing the company into Voluntary Liquidation.
- If your company’s debts are greater than the market value of its assets, find out about Pre-Pack Administration;
- For cash-flow issues view Company Voluntary Arrangement.