Debt help clinic
Insolvency Practitioners providing expert turnaround & insolvency advice
We are a firm of licensed insolvency practitioners providing clear insolvency advice to both businesses and individuals. We have offices based in both Sutton and West Byfleet but have clients throughout the whole of the UK.
Our bespoke insolvency service along with our insolvency advice, gives our clients solutions to help overcome many financial problems. Not only are we always professional but we understand financial difficulties can be overwhelming therefore all meetings are confidential and handled in a sensitive manner.
As insolvency advisors we always look to the positives, trying to save businesses through turnaround & restructuring, Company Voluntary Arrangements (CVA) and Individual Voluntary Arrangements (IVA). Sometimes a rescue is just not possible therefore we have closing a company down services which include Company Administration, Liquidation and acting as LPA Receivers.
Perhaps you are an entrepreneur looking to retire? We can assist by way of a Members Voluntary Liquidation (MVL). This service may also be used when the business has completed its life cycle, or maybe you just need help striking the company off either way we can provide the assistance you need.
A company is considered to be insolvent under UK law if it is unable to pay its debts as they fall due or if liabilities exceed assets. Why not take our business insolvency test to see what options may be available to you, or download our services brochure to see the insolvency services we offer.
Free Insolvency Advice
Whatever situation you or your company may be in, we are confident that one of our insolvency practitioners would have dealt with it before. Get in touch to discuss how we might be able to help you and see how a difference some insolvency advice could make.
We are happy to answer any questions no matter how small and find that seeking early advice can often be beneficial and result in a turnaround situation.
All our insolvency practitioners are regulated and licensed to provide corporate insolvency and personal insolvency services by the Institute of Chartered Accountants in England and Wales (ICAEW).
Contact us here or call us on 020 8661 7878
Liquidation or Insolvency...what's the difference?
The difference being an MVL (Members' Voluntary Liquidation) is used by a solvent company and a CVL (Creditors' Voluntary Liquidation) is used by an insolvent company but both are very different from insolvency.
To make it easier to understand the difference between the 3, we have set out some bullet points below:
MVLThe company prepares a declaration of solvency to confirm that it...
Monthly UK insolvency statistics – May 2022
All the data is taken from the monthly stats created by the insolvency service.
Although previously during the pandemic overall numbers of company and individual insolvencies had been lower than in previous years, things have now changed and the number of company insolvencies are significantly higher than pre-pandemic times. These higher figures are mainly driven by Creditors Voluntary Liquidation (CVL) numbers, which are now higher than they were in both May 2021 and 2019 but however...
Informal options - Debt Refinancing
What is Debt Refinancing?The idea behind debt refinancing is to replace the existing debt with new debt for the same amount, but with more favourable terms and or conditions. For example, a lower rate of interest or an extension on a repayment period. The logic behind refinancing is to reduce the monthly outgoings in order to be able to service all debts owed each month.
Although this option will help to ease the short-term cash-flow difficulties which in turn will hopefully allow...
TBA co-founder of WBL hosts Extraordinary Women in Male Dominated Fields panel
Elizabeth J Barret from A Plan Insurance, Jen Hughes director at A Plan Insurance, Joanna Polinski director at JP Project Management Limited and Anna Kopyto Track Engineer at Transport all shared their inspiring stories of why they chose their professions and how they have successfully worked within male dominated business sectors.
Following the panel discussion...