Company Recovery

We provide an independent national advisory service to the Directors of UK SMEs to assist negotiate & implement company recovery plans.

The Enterprise Act 2002 introduced new legislation emphasising company recovery to protect employment. Recovery of a viable core business is now often possible by effectively writing-off unsecured debt (including VAT, PAYE & tax arrears). This also releases it from onerous agreements (as they remain with the old company to be dealt with by the Insolvency Practitioner subject to Personal Guarantees). If a recovery is not viable the Directors may wish to place the company into voluntary liquidation.

Phoenix Company Consultants Ltd. Registered in England No. 06775300. Registered Office: Suite 404, Albany House, 324-326 Regent Street, London, W1B 3HH.