ukbr_friendly_local_expert_advice

Business Rescue

We appreciate that the financial difficulties facing a business are extremely worrying for business owners who have invested their time and money into building up the business.

 

As part of our free initial review we will consider all aspects of the business including:

  • its funding – We have access to leading funders that service UK businesses
  • current pressure from creditors
  • its long terms prospects and the wishes
  • aspirations of its stakeholders

If you’re worried about the future of your companies viability and what your obligations to your stakeholders and creditors arewe can help.

Obtaining professional advice at an early stage often either lessens the impact of or helps you avoid subsequent events that have a detrimental effect on you, the company, your creditors, and your shareholders.

We are also happy to discuss a full range of options with you, should a creditor choose a course of action against your company.

We have access to a range of local professionals dealing with corporate finance and business sales and acquisitions that we can bring in to advise on available options should the need arise.

Where formal insolvency is unavoidable, we will look to preserve the business and the jobs of those involved with it in some shape or form.

UK Business Statistics

%

% of businesses fail within 5 years through lack of funds

%

Reduction in Bankruptcies

%

Rise in compulsory liquidations

%

Rise in Individual Voluntary Arrangements

Why Choose UKBR?

At a time when financial organisations, businesses and firms of professional advisers are increasingly moving towards larger and more impersonal national and international structures, UKBR look to redress the balance by providing friendly local expert advice to businesses large and small.

UKBR are headed by three insolvency practitioners, two of whom are also qualified solicitors. This enables us to review many more aspects of a business when considering an overall solution to the problems it finds itself in. These might arise from cashflow problems caused by non-payment by customers in breach of contract, difficulties with landlords or distraint levied by HMRC.

As a boutique firm, we are able to remain closely involved with a procedure at a high level, at all of its stages and in all of its aspects rather than work being undertaken remotely by unconnected teams of individuals.

Many of our clients arrive via recommendations by their own professional advisers with whom we work closely.

 

This has the advantage of enabling us to become involved at an earlier stage when the prospect of avoiding a formal terminal insolvency procedure is more likely.

We are also more than happy to speak to business owners directly and will provide initial advice without charge prior to formal engagement.

Our specialist areas

  • Liquidation 100%
  • Voluntary Arrangements 100%
  • Administration 100%
the consultation workflow of UK business recovery

How We Work

Initial Phone Call

During our initial phone conversation our highly trained agents will assess your case and pass it on to the relevant Insolvency Practitioner based on specialism and geographical area.

Consultation

One of our expert Insolvency Practitioners will explain in greater depth the options available to you and then guide you through the forthcoming events and your duties as a director.

Insolvency Practitioner Services

During the insolvency event, we undertake the activities legally required to ensure the smooth running of proceedings and support you through the process.


call us npw

Call Us Now On 01633530600

For a No Obligation Chat

Frequently Asked Questions

 

Our Insolvency Practitioners have years of experience in the industry and there are a number of issues that reoccur that we are constantly asked by directors seeking insolvency advice.

Am I Wrongful Trading?

If your company is insolvent then you must act properly and act in the best interests of the
creditors (all of them being treated in the same way). By acting ‘wrongfully’, you are made
personally liable for the company’s debts from the time they knew the company was insolvent.

What is an Overdrawn Director’s Loan Account?

A loan account is the dividend taken from the profit reserves. You may have used this method of securing a low tax income by paying yourself up to the limit of your tax-free PAYE threshold. Dividends are typically taxed at a lower rate than the same amount of pay through a PAYE scheme.

What does the liquidation process cost?

The fee for liquidation is based upon the case complexity, the number of secured and unsecured creditors and the amount of administrative work undertaken

Don't Delay

Drop us a line anytime, and one of our customer service representatives will respond to you as soon as possible
Email