Our Services
We provide an independent national advisory service to the Directors of Limited companies. This service is focused on SME (annual turnover £ 50k - £ 25 million) company recovery. Our pre-insolvency advice ensures compliance with constantly changing legislation and minimises your exposure to risk.
We maintain confidentiality as required to ensure that a plan can be negotiated and considered without impacting business confidence. We attend meetings or talk anytime Mon-Sun: 9am-9pm, including bank holidays.
A step by step walk through our process is typically:
1. Viability screening
We provide an initial telephone assessment of your financial position. From this we can assess the likely viability of a company recovery.
2. Valuation estimate
One of our 9 Regional Consultants will visit you to assess the value of the assets & undertaking. From this we can estimate what improvement in the financial position would be achieved by a pre-pack or if a CVA is appropriate.
3. Negotiation
We can then negotiate a proposal to purchase the business & assets on your behalf with appropriate Insolvency Practitioners approved by banks & other lenders. We may also propose a restructuring solution that identifies the potential liability under TUPE legislation. At this stage the selection of an appropriate IP is as important as the decision to go ahead.
4. Personal guarantees
We help consider your own exposure and can negotiate with lenders for acceptable payment terms for the repayment of personal guarantees. This can protect against the requirement for personal insolvency procedures such as IVA (Individual Voluntary Arrangement) & bankruptcy.
5. No commitment
If a recovery procedure is viable we will set out an approach & offer you a price to handle your case. This fee is to clarify & negotiate your position but does not commit you to any specific course of action.
Until the point that we instruct an Insolvency Practitioner to act on your behalf you may conclude negotiations at any point. We assure you of our complete transparency throughout the course of our dealings with you.
6. Formation of a phoenix company
If you decide to sign-up for pre-packaged administration/liquidation we support you through the process of transferring your company to a new phoenix company. This may include:
- Carrying out workforce restructuring observing TUPE restrictions;
- Transfer of the company name whilst observing Section 216 requirements;
- Negotiation with Hire Purchase & Lease Companies, Landlords, Suppliers & Customers to give your new business the best opportunity of success;
- Shareholders agreements for a new company;
- Assistance with completing Directors Questionnaires;
- Negotiating & adjusting the sale agreement to ensure payment terms & conditions are acceptable & affordable.
- Is your company in Construction, Hospitality & Leisure, Education, Marine & Boating, Professional Services or Retail?
- If not; continue to, About Us.