Meeting your needs & helping you build your business
Helping you take control of your day-to-day finances
Informing your decisions with management reporting
Helping you comply, and providing practical advice
Providing peace of mind, with precision
Meeting the specific requirements of your sector
Helping you keep on top of your accounts and cash flow
The cloud-based accounting solution keeping you informed on the go
Recommended add ons to improve your accounting software
Giving you the knowledge to run your accounting smoothly
Improving your cash flow with Credit Hound
Transforming your document management processes
Keeping your computers running smoothly
Simplifying complex staff pay, tax and HR requirements
Helping your business run more smoothly
Keeping your stock in check with Warehouse Manager 200
Managing the process for you
Helping you understand individual rights, and avoid disputes
Ensuring you have the right papers for the right people
Helping you to be fair and flexible
Maintaining stability as your business moves on
Helping you to help yourself
Guiding you on any situation
Finding the right way to resolve difficult situations
Helping you deal with all aspects of ending contracts
Creating the right conditions for your teams
Helping couples through separation or divorce
Advising on commercial disagreements
Making sense of the family law process
Helping you get the right support after an accident
Estimating what your business is worth
Giving you practical advice and answers
Helping achieve a positive outcome
Details of fees and expenses
Reassuring help through insolvency or financial difficulty
Supporting your success through specialist offshore services
Helping you thrive in the region
Helping you prosper in our country
Ensuring you benefit from the best international rates
Creating opportunities through international connections
Looking after your personal assets
Providing independence through a self-governing legal entity
Retaining your company’s risks, and reducing their cost
Helping you set up and manage a new entity
Helping you self-insure in a controlled way
Helping reduce your administrative burden
Ensuring you maintain a healthy cash flow
Adding the right skills to your workforce
Supporting you to do the best for your staff
Saving you time; ensuring compliance, accuracy and efficiency
Providing the full range of support & services you need
Helping you navigate all the options
Ensuring your way of life is always as you want it
Helping you look forward to the future
Making the most of your investments
Finding the best route to consistent returns
Supporting your ambitions through proven principles
Meeting your needs, whatever kind of investor you are
Helping you do more than comply with the regulations
Existing clients can login to our portals here
Strengthen your case for securing growth capital on the right terms
Ensure new markets add value to your business
Understand your opportunity to expand abroad
Connecting the right parties
Helping you make better decisions
Pick the right growth strategies
Setting the right direction for your business
Helping you understand what your business is worth
Helping you develop a clear plan and put it into action
Helping you get the facts when you acquire a business
Planning how to expand and improve
Helping you enter new markets safely and profitably
Advising you on the right capital markets
Helping you plan and raise finance for transferring a business
Advising you on developing or growing your business by teaming up with others
Managing the funding process confidentially, and supporting your negotiations
Supporting you through the sales process, and helping you achieve the best value
Advising you on successful growth and merger and acquisition activity
Get an instant estimate
Helping you make the most of the tax incentives available to you
Reducing the impact of a current or future tax investigation
Minimising your risk with the best possible representation
Thinking ahead to help you structure your transactions effectively
Ensuring you comply with regulations and helping you manage your VAT
Insolvency and recovery » Support for companies
The first step is assessing your business. And this is where we come in. We can carry out a thorough, independent review that focuses on getting your business back on track. So you can look forward to becoming financially secure once more, or at least identify the most practical alternative.
Our insolvency practitioners operate through Price Bailey LLP. For information about our regulatory status see www.pricebailey.co.uk/legal.
Here’s where we can help:
Download: Your Budget summary report & new tax rate card 2017
This is the legal process that requires the appointment of a licensed insolvency practitioner as administrator. We can do this for you. Administration could save your company.
Even if you’re facing cash flow pressures, your company might still be worth preserving. If it’s not possible to persuade your creditors to agree out of court to an alternative course of action, such as a compromise or restructuring, we can act as your insolvency practitioner, managing your business affairs.
MVL is a solvent liquidation, where the company has sufficient assets to pay all its liabilities in full, together with interest at the statutory rate, within 12 months. The liquidator realises the company’s assets, pays off all creditors, together with statutory interest, and returns any surplus to the shareholders.
CVL is an insolvent liquidation, where the company’s assets are insufficient to pay creditors in full, or where the directors are unable or unwilling to swear a Statutory Declaration of Solvency. Again, the procedure is straightforward – but, with a CVL, the liquidator must submit a report on the conduct of the directors to the Department for Business, Innovation and Skills.
If you choose either of these routes, we produce a report for you that combines technical detail with clear recommendations on the best route forward. We make these recommendations on behalf of your bank or other lenders, for your company’s accountants, or for the company’s management.
The Official Receiver then becomes liquidator of the company. They investigate its trading history and submit a report to the Department for Business, Innovation and Skills. They may then look to appoint an insolvency practitioner as liquidator. We can fulfil this role for you. It then becomes our responsibility to realise your company’s assets and distribute the proceeds to creditors.
This usually results in delayed or reduced debt payments, capital restructuring or asset disposal.
Despite being a formal procedure under the Insolvency Act 1986, it’s possible to make an agreement quite flexible. Usually the directors are allowed to continue their involvement, subject to review by a licensed insolvency practitioner.
The Law of Property Act 1925 also allows banks and private lenders, who have secured their loans through a fixed legal charge over a property, to appoint a receiver (commonly known as an LPA Receiver) to deal with the charged property where there has been a default.
The main objective is to recover the debt owed to the lender. However, the statutory powers of an LPA Receiver are limited to collecting income from the property (including rent) and insuring it. These are therefore usually supplemented by additional powers from the legal charge document itself, which more often than not will include powers to sell or refinance the property.
This normally happens when the creditor has issued a formal demand for payment and not been paid. The receiver then realises and distributes the company’s assets on behalf of creditors. Their job is complete once they realise all the assets subject to the appointor’s charge, or sufficient assets to repay the appointor in full.
This is called dissolution, and it’s permitted only under certain circumstances. Creditors must be notified of the intention to dissolve the company and can reject the application. In fact, shareholders and creditors can seek to revive the company for up to six years following dissolution, to allow a proper investigation into the company’s trading history.
Dissolution doesn’t end your company’s existing contractual arrangements, and directors remain potentially liable if the company is restored.
Get in touch.
Call us for free or submit your enquiry online
Call us on 0800 434 6460
Services that keep you on track, in charge and at ease.
Back to top
VAT on commercial property purchases: A basic guide
Should holiday pay calculations include commission? Lisa Wignall explains https://t.co/ZpJdT6ojr7 #employmentlaw https://t.co/9I05cAsDUu
Connect with us