licensed Insolvency Practitioners UK
HBG Advisory specialise in providing support to company directors and their companies when company debt is an issue. HBG Advisory provides cost-effective liquidations to private limited companies throughout the United Kingdom. The team at HBG Advisory delivers outstanding service to our clients, while paying maximum returns to creditors and company shareholders. As well-established Licensed Insolvency Practitioners, we therefore provide various insolvency products, including voluntary liquidations, such as Creditor Voluntary Liquidations and Members Voluntary Liquidations., company administrations, and company voluntary arrangements CVA. Helping company directors balance liquidity with insolvency. Many UK businesses have been affected by the Covid-19 pandemic. Therefore, it is important that we assist companies with Bounce Back Loans and liquidation guidance. The Insolvency Practitioners Association authorises all our Licensed Insolvency Practitioners. Therefore, seeking guidance from a licensed IP is important.
Failure to cease trading when unable to pay creditors may be considered direct or misconduct, allowing creditors to suffer further financial losses. Our Licensed Insolvency Practitioners understand the importance of acting as liquidators of a company, whether in distress or simply wishing to cease trading. They 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 the duties our IPs carry out are in accordance with the Insolvency Act 1986. Ceasing trading with a solvent company may allow you to claim terminal loss relief.
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. A voluntary process is a Creditors’ Voluntary Liquidation (CVL) & what is a 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
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.
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 Practitioner throughout the UK – Business Insolvency Specialists dealing with company debt
As licensed Insolvency Practitioners we provied 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.
Company Voluntary Arrangement (CVA) Explained is a rescue procedure sometimes used after an administration manged by Licensed Insolvecy Practitioners. However, a CVA can be used without entering 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 continue to trade, having CVA creditors and new “Non CVA” creditors to pay while trading.
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 a turnaround plan that works financially and is achievable.
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.
