Expert Insolvency Advice for Surrey Businesses
Looking for trusted, expert advice to help you navigate your way through a difficult period for your Surrey business, or as you face personal financial challenges? With a fresh approach and tailored guidance, you could soon be facing a brighter horizon.
Insolvency Online is a specialist firm of insolvency experts. Surrey wide, business owners turn to our team, taking advantage of our in-depth knowledge of business rescue and corporate recovery. Whether you are facing trading challenges, trying to get through financial issues on a personal level, or are a director or shareholder wishing to shut down a solvent company so you can release the proceeds tax efficiently, you can rely on our honest and genuine advice.
Solution-finding advice, from the specialists in insolvency Surrey businesses recommend
Bad debt, national economic hardship or the loss of a key account can all lead to trading challenges. It can be difficult on an individual level too, with debts mounting and no apparent way out.
If you’ve found yourself in such a situation, Insolvency Online is here to help. Our belief is that there is always a solution.
From business recovery to financial restructuring, or the creation of a shield to protect you or your business whilst you work to turn things around without the pressure of further debt mounting, our licensed insolvency experts will help you move forward with confidence.
Guiding businesses out of debt
Here at Insolvency Online, we are specialists in business rescue and reconstruction. Our view is that trading difficulties don’t always have to end with insolvency. Surrey wide, we help organisations of all sizes navigate their way out of seemingly dead end situations using the likes of Administration and Pre-Pack Administration to provide statutory protection from creditors, or a Company Voluntary Arrangement (CVA) to create breathing space by forming an agreement with creditors.
Specialists in personal debt solutions
If you are facing debts that you have tried tirelessly to settle but it just hasn’t been possible, an Individual Voluntary Agreement (IVA) could help you. An IVA is a formal insolvency process which allows individuals in debt to enter into a legally binding agreement with their creditors. Once set up, creditors will no longer be able to take action to recover their debts, leaving you free to focus on getting yourself back into the black.
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Looking to release capital from your solvent company in Surrey?
Trading challenges aren’t the only reason that businesses call upon the services of insolvency experts. Surrey-based shareholder of solvent companies who are seeking to wind up the businesses so they can release the capital in a tax efficient manner will also require the services of specialists in business liquidation. Surrey shareholders can then make use of Business Asset Disposal Relief (BADR), formerly known as Entrepreneur’s Relief.
BADR is a tool that reduces the tax liability on the disposal of a business or interest in it. BADR has the ability to lower the rate of Capital Gains Tax on qualifying capital gains from the highest rate of 20%, to just 10%.
If you want to reap the benefits of BADR as you close down your Surrey company, it will be necessary to put it through a solvent liquidation process known as a Members Voluntary Liquidation (MVA). An MVA may only be managed by licensed insolvency practitioners who act as the company’s liquidator.
Here at Insolvency Online, our team is qualified to carry out business liquidation for Surrey companies, with shareholders regularly receiving their proceeds without delay.
How can Insolvency Online help you or your Surrey business?
Insolvency Online is a trusted firm of corporate recovery specialists and insolvency practitioners licensed by the ICAEW.
We regularly help Surrey businesses courtesy of tailored guidance and a range of solutions.
Whether you are looking for a route out of corporate financial difficulty, you have personal financial issues to resolve, or you’re looking to wind down a solvent company so the funds can be released tax-efficiently, we’re here to uphold your best interests by making sure you receive the right advice, at the right time.
Our business recovery and insolvency services for Surrey businesses and individuals
Insolvency Online offers a solution-finding approach to business rescue, personal financial challenges, and financial restructuring and recovery Surrey wide. We also help solvent business owners seeking to make use of Business Asset Disposal Relief. If we can assist you in any way, please do not hesitate to get in touch.
Frequently Asked Questions
In situations where the underlying business of a company is watertight, but from a balance sheet or cash flow perspective that company is insolvent, it can sometimes be possible to restructure the company, protecting the core business from further financial problems.
The process involves creating a legal moratorium against creditor enforcement action by placing the company into a safe position, preventing historical losses from forcing the business into further difficulty. An Administration or Pre-Pack Administration could be the answer, as could seeking creditor and shareholder approval for a Company Voluntary Arrangement (CVA).
A ‘time to pay’ arrangement can either be a Company Voluntary Arrangement (CVA) or an Individual Voluntary Arrangement (IVA). Both provide breathing space for companies or individuals in debt, allowing them to pay off what they owe over time in affordable instalments, leaving them free to work their way out of financial difficulty. Arrangements like these can be helpful strategies in terms of avoiding personal bankruptcy or insolvency Surrey wide.
We offer practical, tailored advice on insolvency Surrey wide, together with professional guidance on business recovery, rescue and restructuring. Our goal is to plan your return to sustainable profitability, making use of legal and financial procedures that will protect you from further creditor action as you focus on getting back on track.
We are also licensed to act as official appointed liquidator in circumstances where there is no other option but to enter a Creditors’ Voluntary Liquidation.