Free Initial Virtual Meeting Advice
with Insolvency Practitioners.
As Insolvency Practitioners, during the current economic uncertainty due to Covid-19 pandemic, it is important that we are still able to deal with clients face to face. We are assisting companies with Liquidation and Bounce Back Loans. We have implemented systems that allow us to have virtual meetings using computers, tablets & mobile phones so that directors can see who they are dealing with. To book a virtual meeting, click on the link below.
An insolvent liquidation, otherwise known as a Creditors Voluntary Liquidation (“CVL”), is for a company that is an insolvent limited company. We explain what one is and how it could help your business.
A solvent liquidation, otherwise known as a Members Voluntary Liquidation (“MVL”), is for a company that is a solvent. We explain what one is and how it could help your business.
If you have recently received a Winding Up Petition, it must be dealt with immediately as it is a serious threat to your company. We explain what one is and how it could affect your company.
Insolvency Advice UK – Business Insolvency Specialists
As Licensed Insolvency Practitioners, the practice offers Directors insolvency solutions, these solutions are afforded to directors of limited companies, partners of partnerships, sole traders and individuals who are in difficulty throughout the United Kingdom. HBG Advisory offer honest, straight-talking insolvency advice which gives both solutions and comfort moving forward.
An Administration assists a company when it is experiencing severe cash flow difficulties, are unable to meet overhead costs such as leases, wages, rent etc., or when creditors are pressuring the company which it does not have the cash to pay. Appointing an administrator allows a company to protect itself from a compulsory liquidation. During the company administration period, a company can restructure while under the control of an Insolvency Practitioner.
Company Voluntary Arrangement (CVA) is a rescue procedure that is an option sometimes used after an administration. A CVA may though be used without entering into Administration. One of our Insolvency Practitioners acts as Supervisors. A CVA is an agreement to repay company debts over a fixed period. Creditors agree to accept an agreed percentage of the original debt owed. Under a “CVA”, the company will continue to trade, having CVA creditors and new “Non CVA” creditors to pay while trading.
Restructuring and refinancing services, which do not involve any formal insolvency procedure, are termed a turnaround. To plan a turnaround, we assess the business, identifying the strengths and weakness of the company and highlighting areas of change or improvement. We work with the management of the company to develop a turnaround plan that works financially and is achievable.
