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:
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- 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
- Directors,
- Sole Traders,
- Partnerships, and
- Individuals.
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Business Rescue and Recovery Services
Insolvency Experts
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.
HBG Advisory can help you and your company with
Our primary expertise helps directors of limited companies cope with pressure from creditors, including HMRC cash flow difficulties and debt problems.
HBG Advisory’s team provides directors with practical, efficient ways to deal with company debt through: –
- liquidation;
- administration and other rescue processes.
Through being licensed Insolvency Practitioners, we can help with:
- Arrears of:
- VAT;
- PAYE;
- Corporation tax.HMRC Tax Problems.
- Company debt problems;
- Personal Guarantees;
- Pressure from Bailiffs;
- Business Rescue & Recovery.
An insolvent liquidation
When a limited company must close due to not being able to pay its bills as they fall due (cash flow insolvency), or the value of the company’s assets is less than its liabilities (balance sheet insolvency). Two liquidations apply to an insolvent company. (1)A voluntary process is a Creditors’ Voluntary Liquidation (CVL) (2) Compulsory Liquidation.
A solvent liquidation
otherwise known as a Members Voluntary Liquidation (“MVL”), is for a company that is a solvent wishing to close. We offer Fixed Price Members Voluntary Liquidation with a fast pay out. Please view Fixed Price MVL
Dealing with a Winding Up Petition
If you 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.
Cash Flow Problems
If your business is experiencing company cash flow problems, it requires urgent attention to put your business back on track. We explore the options available to pay company creditors, rather than liquidation.
Licensed Insolvency Practitioners UK serving businesses throughout the UK dealing with company debt
Company Administration
As licensed Insolvency Practitioners, we provide an administration to help a company in the event of severe cash flow difficulties, and therefore is unable to meet overhead costs like leases, wages, rents, etc., or when creditors press the company, it does not have the cash to pay. However, the appointment of an administrator allows a company to protect itself from compulsory liquidation. During the company administration period, a company can therefore restructure, then under the control of an Insolvency Practitioner.
CVA
Company Voluntary Arrangement (CVA) Explained is a rescue procedure sometimes used after an administration managed by Licensed Insolvency Practitioners. However, a CVA can be used without entering however administration. One of our Insolvency Practitioners acts as Supervisors. A CVA is an agreement to repay corporate debt over a fixed period. Creditors agree to accept an agreed percentage of the original debt owed. Under a “CVA”, the company will therefore continue to trade, having CVA creditors and new “Non CVA” creditors to pay while trading.
Time To Pay HMRC
Business Restructuring and Turnaround of your company does not involve formal insolvency procedures. To plan a turnaround, we assess the business, identify the strengths and weaknesses of the company, and highlight areas of change or improvement. We work with the company’s management to develop therefore a turnaround plan that works financially and is achievable.
Threatening Letters from HMRC
Are you receiving threatening letters from HMRC, but afraid to respond? Many sleepless nights for directors are directly related to out if the blue letters from HMRC. HMRC letters can be direct and often unnerving.
The Licensed Insolvency Practitioners team at HBG Advisory takes the pain out of corporate recovery and personal insolvency for UK businesses.
Insolvency is a circumstance of financial distress in which a person or company cannot repay their debts. A position never envisaged when you set your company up with dreams of being the next Larry Page or Sergey Bring co-founders of Google or Jeff Bezos of Amazon. However, insolvency in companies is a problem that affects companies across the UK every year. As licenced insolvency practitioners, we offer expert advice and turnaround solutions for you and your business.
Insolvency services include:
Free confidential no obligation consultations.
Perhaps the most challenging step for a struggling company is to accept that you need help. Our expert team offers a free and confidential initial meeting. As insolvency practitioners, we will guide you expertly through the most secure and realistic path to financial security, depending on the circumstances of each client.
Clear strategic advice about available options.
As soon as the initial fact meeting occurs, we advise you on the available insolvency options.
However, every company will have its own financial circumstances. Our job is to provide tailored advice for your situation.
Access to the team of licensed insolvency practitioners at HBG Advisory.
It is challenging to have confidence in other people to make the right decisions for you in times of financial stress. However, we promise you will be in safe hands with our highly qualified and experienced team of licensed insolvency experts.
The HBG Advisory team focuses on putting you and your company back on the road to financial security.
So learn more about HBG Advisory and how we help directors move forward.
Business Rescue and Recovery Options.
Liquidation often includes various options, depending on the type of business and financial burden it faces.
Bounce Back Loan Support.
We offer bounce-back loan support to hundreds of concerned directors confused about what to do next.
Liquidation and Restart Options.
Therefore, following the above, the best action will often be liquidation or a possible restart. However, this depends on the company type and financial burden level. So if liquidation or restart is the most plausible solution, we will be there at every step.
Solutions for Company Directors, Sole Traders, Partnerships, and Individuals.
Our expert, robust insolvency services are available to struggling companies across the UK. Therefore, please take the time to contact us today to arrange your first free and confidential meeting.
Licensed Insolvency Practitioners UK