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 that can be utilised to:
- Write-off unsecured debt (including VAT, PAYE & tax arrears) subject to there being no fraud;
- Release it from onerous agreements (Personal Guarantees excluded);
- Protect a company from legal action whilst a proposal (CVA) is prepared and presented to the creditors for their consideration.
If a CVA is rejected or a recovery is not viable, the Directors may then wish to consider placing the company into Voluntary Liquidation.
- If you believe that your company’s assets are worth less than liabilities, find out how we can help - please click on Pre-Pack Liquidation;
- For cash-flow issues & other concerns please click on Company Voluntary Arrangement.