Business Turnaround & Insolvency

Under creditor pressure? Worried about Court or legal action?

Company Insolvency Options

When a limited company can no longer pay its bills on time, or when its debts exceed its assets, it may be insolvent. Insolvency can strike suddenly, due to losing a key client or market changes, or develop gradually over time, without being immediately obvious. Whatever the circumstances, you're not alone. Our team is here to discuss your options and support you every step of the way.

Creditors' Voluntary Liquidation (CVL)

from £3,000
If your company needs to stop trading and can’t pay its debts, a CVL offers a managed way to close the business. We help dispose of company assets to repay creditors and aim to make the process self-funding, wherever possible. Our team works to reduce the burden on directors and limit personal liability.

Members' Voluntary Liquidation (MVL)

from £3,000
If your company is solvent but you no longer wish to operate it, perhaps due to retirement or restructuring, an MVL is the most tax-efficient way to close it down. All debts must be paid within 12 months. We ensure fair treatment for all shareholders and handle the entire process with care and professionalism.

Administration & Pre-Pack Sales

from £2,500
Company administration offers a chance to protect a business from creditor pressure while exploring recovery options. In a pre-pack sale, the company’s assets can be sold to a new entity, often allowing directors to continue trading under a fresh start. We handle the entire process discreetly and effectively.

Company Voluntary Arrangements (CVA)

from £3,000

If the debt is relatively new or is not too excessive, then it may be possible to come to an agreement with the creditors. One option is negotiating what is known as a Company Voluntary Arrangement (CVA). This will give a company time to pay the debt, and they usually last between three to five years. At least 75% of creditors must agree to a CVA for it to be finalised.

Usually, the cost falls between £3000 to £10,000, but many different factors will determine the total cost. These include the total amount of creditors that money is owed to, the volume of outstanding debt, the position of HMRC and the negotiations needed.

Company Dissolution

from £300
If your company has not traded, or changed names in the last 3 months, and has no outstanding debts or creditor agreements, dissolution may be the most cost-effective way to close it. We’ll manage the paperwork, notify creditors like HMRC, and ensure the process is completed correctly - with no lasting negative impact on you as a director.

Individual Voluntary Arrangements

from £1,500
If you are overwhelmed by debt, an individual voluntary arrangement can help freeze obligations and create breathing space. Our team will work with you to build a plan, so you can repay your creditors monthly.

Personal Bankruptcy Advice

from £680
Bankruptcy is a serious step, but sometimes necessary. Our personal insolvency specialists offer confidential advice and help you explore all possible alternatives first. If bankruptcy is the best route, we’ll guide you through the process with clarity and compassion.

Moving Forward

Once we’ve helped to assess the situation of your business, we can start creating a Business Recovery Plan. This plan will accurately reflect the current standing of your company and help you to regain focus. It’s a great place to start if you feel your business is struggling. We’ll help you to examine every aspect of your business and implement an action plan talking through your company strengths and weaknesses and potentials for change.

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