Licensed & Accredited Insolvency Practitioners UK
Experts in Dealing With Company Debt
National Restructuring & Insolvency Services
Providing Essential Support To Distressed Directors
If your business is insolvent, our experts will help you carefully evaluate all options. The team at HBG Advisory will help you on your best course of action dealing with company debt, using if required, business rescue and restructuring, winding up and insolvency advice.
With offices in Preston Swansea and other locations throughout the UK, our team can discuss your business difficulties online or at your preferred location. HBG Advisory supports businesses with robust and experienced advice.
What is the function of a Licensed Insolvency Practitioner
A licensed Insolvency Practitioner (IP) remains authorised to act in connection with an insolvent individual, partnership or limited company. Usually, IPs are accountants or insolvency specialists working in firms of accountants. However, they may also be solicitors or qualified solely as an insolvency practitioner.
Our services include:
- 100% free and confidential advice;
- Clear strategic advice about the options available;
- Instant access to our team of Licensed Insolvency Practitioners;
- Business Rescue and Recovery choices;
- Liquidation and Restart choices;
- Solutions for
- Sole Traders,
- Partnerships, and
Business Rescue and Recovery Services
The HBG Advisory team is a dynamic, forward-looking company of Business Rescue and Recovery Advisers. The Insolvency Practitioners Association regulates our licensed insolvency practitioners, serving companies across the UK and those living offshore.
At HBG Advisory, you can expect a personal, fresh and professional approach to your business and personal business recovery and rescue needs. Our commitment to investment and technology training means we can streamline compliance cost-effectively, ensure maximum returns for creditors, and minimise financial demand for the company. Therefore, ensuring that our core time is dedicated to advising you on how to resolve your business’s financial problems, allowing it to either close legally or protect its position while considering its future viability.
So directors must therefore have time to plan how to keep a viable business going and protect jobs and creditors.
So what can HBG Advisory do for you and your business?
HBG Advisory specialises in providing cost-effective solutions for corporate and corporate debt relief to limited companies across the UK. We continue to provide our customers with outstanding services, while paying maximum returns to creditors and shareholders. As well-established licensed insolvency practitioners, we offer various insolvency products, including voluntary liquidation, such as:-
- Creditors voluntary liquidation – for an insolvent company;
- Members voluntary liquidation – for a solvent company;
- Company administrations – maintaining a viable company;
- CVA.Helping corporate directors balance liquidity with insolvency.
At present, many UK companies remain affected by the COVID-19 pandemic. Therefore, it is important that we help companies repay their loans and insolvency advice.
In addition, we will explain the difference between liquidation and administration, and what is insolvency in the UK? We remain open to questions which perhaps are not always clear, avoiding confusion down the line.
Further, we will confirm our advice in writing, along with our fees, providing assurances of our service from our licensed insolvency practitioners.
However, failure to cease trading when unable to pay creditors may be considered misconduct, allowing creditors to suffer further financial losses. Our Licensed Insolvency Practitioners understand as business recovery professionals the importance of acting as liquidators of a company, whether in distress or simply wishing to cease trading. Our Ips are all members of recognised professional bodies, with many years of experience, having passed their JIEB exams with flying colours. It is important to note that our IPs’ duties are under the Insolvency Act 1986. Therefore, ceasing trading with a solvent company may allow you to claim terminal loss relief.
To arrange a first meeting with a licensed insolvency practitioner and receive free initial insolvency advice for limited companies.
Which option is best for me and my business?
The main objective of formal insolvency procedures is to maximise returns for the company’s creditors.
So we usually try to keep the company’s business in operation with a rescue procedure, which is subject to continuous viability.
The sooner a company seeks help from an insolvency practitioner (IP), the greater the chance the IP can preserve the company or its business.