Insolvent Solutions

How we can help

Company Voluntary Arrangement (CVA)

To support a company through financial pressures, the directors can propose a credible repayment plan to the company’s creditors, which provides the company protection from creditor action and allows the directors to retain control and continue trading.  This avoids the closure of the company and can result in a better outcome for all stakeholders.

We work with you to consider forecasts for the restructured business going forward.  We will negotiate with key stakeholders to determine the best solution that balances the interests of the company and its creditors and will support you through the duration of the CVA.  A trading CVA is not to be underestimated it requires dedication and long-term commitment from the company's management and our team is here to support you throughout the process.

Administration

Where a company is insolvent or likely to become insolvent, administration can be a powerful tool to rescue a business and preserve employment.  Administration is typically used where cash flow pressures are unsurmountable but there is an underlying viable business to preserve. It provides breathing space to allow an administrator to formulate the optimal strategy to achieve the best outcome for the company’s creditors.

We can help by rescuing the business, selling its assets, or identifying alternatives that can lead to a better outcome for creditors and other stakeholders.  This includes considering either a conventional administration or a “Pre-Pack” administration.

Creditors’ Voluntary Liquidation (CVL) & Compulsory Liquidation

Where a company is insolvent and there is no other option than to cease trading and be wound-up by its creditors (either voluntarily via its directors and shareholders or compulsory via court order), we have extensive experience in maximising realisations of a wide range of assets to secure the best outcome.  As liquidators, we can help by closing the business and bringing finality to the situation. 

As with other insolvency appointments, we have a duty to investigate and report on the conduct of directors prior to insolvency and, where appropriate, pursue restitution action for the benefit of the company’s creditors.