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Specialist, reliable advice for your clients.
To be clear. We are not here to simply close a business. In fact, we only advise the insolvency or bankruptcy route if it is either unavoidable, a legal requirement, or the best available course of action to limit clearly unresolvable problems.
If there is an option to save that company, a workable plan to make it viable again and to turn things around so that the business becomes a going concern, then we will always look to make that happen.
That is why we will always try to save a business where we can.
However, the sad fact is that, in our experience, directors and individuals do not ask for help until the last minute. That delay usually reduces the options and makes saving the business much less likely.
We all want the best for our clients, and sometimes that means pointing them in the right direction when they need specialist help.
If it is in an area such as:
· Closing a solvent business, perhaps because the directors want to retire (an MVL)
· Corporate Insolvency and Personal Insolvency related issues (including HMRC arrears)
· Restructuring to avoid financial issues
· Advising on redundancy processes
· Debt collection and credit control
Perhaps our free initial meeting to talk about our services could provide the answers.
You don’t need to turn them away or spend unnecessary time and effort dealing with the matters yourself.
We see many directors leave it to the last moment before taking advice, and from there the business simply can’t be saved.
Whatever the root cause of the problems, though, sometimes insolvency is the only remaining viable option. In these circumstances, we will explain clearly and precisely what steps need to be taken, with all the empathy and understanding the situation needs. We will work with them to explain the issues that the directors may face, whether that is an overdrawn director’s loan account, perhaps taking illegal dividends, or potential personal guarantee issues, to make sure they know where they stand while we go through the insolvency process.
We also understand that directors will be concerned about their staff, so we will assist with any claims that they have via the redundancy service.
The above are just some of the ways we often help businesses that reach out to other professionals for help first. To be frank, we are rather proud of the help we offer and the support we can give other professionals.
In the past, we have helped accountants, solicitors, IFAs, finance brokers, business coaches and many others resolve problems for their clients.
Take a look at what people say about us here.
Nobody wants to turn away someone in need.
The reason we make these connections with other professionals is so that you have somewhere to send a client when that need arises. To be a place where that client can access the help you cannot professionally give, or you simply don’t have the time and resources to offer.
By sending them to us for our free advice, you can advise them on a potential source of information with as much ongoing commitment as suits you.
We are not accountants or solicitors. Neither are we financial advisors or business coaches. We do, however, often work with them to help their clients in areas where our specialism is required.
How much, or how little, you are involved with the process that follows our meeting with your client depends on the circumstances.
Let’s look at some common scenarios:
While you, as the accountant for the business, deal with the final accounts for a members' voluntary liquidation (MVL) as well as the tax situation, and so forth, we can be there for your client to help with the legal requirements of the liquidation itself. We will ensure that the company has taken all necessary steps to practically close the business and avoid any issues down the line.
We make sure the relevant paperwork is done, meetings held, creditor claims sorted out, asset questions dealt with, and all the other legal processes around the members' voluntary liquidation are completed.
As a result, the process is handled throughout by specialists who are focused on their own areas. We will work with you and the client, and make the MVL happen as quickly, efficiently and smoothly as possible for everyone involved. Unless there are some very unusual circumstances, we will usually do all this on a fixed fee basis for your client. We are always transparent as to the costs and fully explain the process.
We have a lot of advice on the process of Members' Voluntary Liquidations here, including a free download.
Charities, CICs, Social Clubs, CIOs and similar organisations will sometimes reach out for legal advice when they have financial issues. While the legal professional can certainly advise on the legal position, when it comes to the possibility of insolvency, it is simply not in their remit.
We are happy to advise, and we specialise in 3rd sector insolvencies if that is what is needed.
We will initially assess the financial situation and, as always, look to save the organisation if we can. If not, then we are there to deal with the process of insolvency.
The starting point is probably to direct your client to our specialist help for charities pages or simply point them towards our free initial consultation via the button above
Again, we are not here to just close the charity. The effort made by our third sector organisations deserves nothing but respect, and the work they do is invaluable to their communities and the country. Therefore, where we can, we look to save the operation so they can continue to help those who need it. Where that isn’t possible, we will treat the closure with empathy and understanding.
When a company is looking to arrange finance for the wrong reasons or when the numbers simply do not add up, it can be a red flag. When that happens, for an IFA or broker, there is simply no ethical way to progress with finance. For a business coach, it often means it is time to look for highly specialised additional advice. By asking your client to contact us or sending them to our business survival guides and help for directors pages, you are potentially offering them a chance to recover.
If we can, we will help them turn the business around. They will return to you as a healthy, more viable business where that option exists. If not, then you helped in the best way possible and sent them to see someone who will be able to guide them down the right road for their business.