Mr S. Osman. Kidderminster

"I thought that entering administration would be the end but instead it bought us time and the Insolvency Practice were able to restructure the business."

When a company enters into administration it is immediately protected from aggressive creditors and further legal action. Administration buys the company time and enables an emergency strategy to be formulated.

Under administration a Licensed Insolvency Practitioner is appointed and has the job of deciding the company’s future. If the company is fundamentally sound we would look to implement a recovery plan aimed at streamlining the business and maximizing profits.

If it is apparent the company has no future then it can be sold or liquidation can commence.

At the Insolvency Practice we are experts in company administration and will guide you through the whole process.

Key Features:

  • All legal action against the company is suspended
  • A Licensed Insolvency Practitioner is appointed
  • Administration will result in a Recovery Plan, CVA or Liquidation

For free advice on administration please call us on 0800 014 1486. We are waiting to take your call.

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Case Study 1 – Security Services Company

Contracts had not been costed properly and the accounting system was non existent. The company was leaking money and when we scratched the surface it was clear that large debts had built up.

Case Study 2 – Builder

The downturn in the housing market saw a major change in fortunes for this company. Contracts disappeared and existing projects were scaled back. Having taken on employees and bought additional equipment during the housing boom this left the business in an impossible situation.

Case Study 3 – Florist

Like most businesses this limited company saw a fall in sales as the recession took hold. Flowers were seen as a luxury item and with money tight customers dried up. The bigger wedding and corporate buyers also began to spend less.