Looking for insolvency companies? UK based? Insolvency Online is ready to assist.
Are you looking for trusted, professional advice to help you navigate your way through company trading difficulties or personal financial challenges? At times like these, a tailored approach and innovative solutions are just what you need.
Insolvency Online is a widely respected firm of insolvency practitioners. UK-based, our helpful experts have extensive expertise when it comes to devising corporate recovery and business rescue solutions.
We help businesses that have fallen upon times of trading difficulties. Shareholders and directors looking for tax efficient ways to close down and release funds from a solvent company. And individuals facing their own financial concerns.
In all cases, we apply a solution-finding approach that works on an individual level.
Business recovery specialists and licensed insolvency practitioners UK companies can trust for a positive outcome.
UK-wide, companies find themselves facing trading challenges for a variety of reasons.
It could be they’ve lost key clients. Maybe they’ve got into debt because of slow or non-paying customers. Sometimes it’s an ill-advised decision that’s lost them money. Or perhaps it’s simply the effects of a challenging economic climate. For individuals, it can be difficult too, with their best efforts failing to settle mounting debts.
In situations like these, insolvency companies like UK-based Insolvency Online can help.
Our expertise lies in finding ways to help companies and individuals navigate their way out of what can often feel like a never-ending spiral. It may be a business recovery strategy, financial restructuring, or a plan to help protect a company or individual, giving them breathing space whilst things get back on track.
Whatever we put in place for you, you’ll be able to depend upon our team of business recovery professionals and UK insolvency practitioners for the guidance you need.
A range of strategies, for a variety of needs
Insolvency Online have over the years established a reputation as UK experts in business reconstructions and rescue solutions. We devise innovative, constructive strategies, all geared towards protecting a business from more debt, and ultimately turning it around.
For individuals facing debt, an Individual Voluntary Agreement (IVA) is a formal insolvency process which enters them into a legally binding agreement with their creditors.
For companies, recovery strategies may include Administration and Pre-Pack Administration. These are both geared towards providing statutory protection from creditors, creating breathing space whilst trading difficulties are tackled.
Another strategy could be a Company Voluntary Arrangement (CVA), which again creates breathing space, this time by forming an agreement with creditors.
As Licensed Insolvency Practitioners, UK companies can trust Insolvency Online to draw up the required formal proposal for creditors to consider.
This is an involved process that calls for realistic profit and loss and cash-flow forecasting. It is vital that more than 75% of the unsecured creditors approve it. For this reason, it needs to be prepared by experts with in-depth knowledge of the process.
Once in place, the agreement will protect the business by preventing creditors from taking alternative action to recover their debts. This allows the company to continue operating and refocus efforts on getting back on track financially.
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Solvent UK company seeking to release capital? Insolvency Online can assist.
Financial difficulty is not the only reason businesses use insolvency companies. UK-based shareholders of solvent companies seeking to wind up the business and extract funds in a tax efficiently manner will also need to engage the services of an insolvency practitioner.
Business Asset Disposal Relief (BADR), previously known as Entrepreneur’s Relief, is a tool that reduces the tax liability on the disposal of a business or interest in it. BADR can reduce the rate of Capital Gains Tax on qualifying capital gains from the highest rate of 20%, to just 10%.
If you wish to draw advantage from BADR on the winding up of your UK company, you’ll need to go through a solvent liquidation process. This is known as a Members Voluntary Liquidation (MVA), and it can only be managed by licensed insolvency practitioners who act in the capacity of the company’s liquidator.
Insolvency Online is qualified to act for UK businesses in this respect. What’s more, our extensive expertise will often make it possible for shareholders to realise their cash distribution very quickly.
How can Insolvency Online help?
Insolvency Online is a trusted firm of corporate recovery specialists and insolvency practitioners, UK based and licensed by the ICAEW.
We are here to provide professional, personalised guidance, and can assist in a range of ways.
Whether you need bespoke advice on navigating your way out of personal or corporate financial difficulty, or you wish to wind down your solvent business and extract funds tax-efficiently, our goal is to pair you with the best solution for your needs, ensuring that your best interests are always at the heart of all we do for you.
Our business recovery and insolvency services for UK businesses and individuals
Insolvency Online offers a solution-finding approach to business rescue, personal financial difficulties, financial restructuring and recovery matters. We also provide services for solvent business owners who wish to tax-efficiently release capital when closing down their companies. For the tailored assistance you need, please get in touch.
Frequently Asked Questions
If the underlying business of a company is sound, but the balance sheet or cash flow situation shows that it is technically insolvent, it may be possible to restructure the company in order to protect the core business.
Such protection will usually come via a legal moratorium against creditor enforcement action. This involves placing the company into a safe position, where historical losses will no longer risk pushing the business into further difficulty. Examples include Administration or Pre-Pack Administration, or a Company Voluntary Arrangement (CVA).
A ‘time to pay’ arrangement can either be a Company Voluntary Arrangement (CVA) or an Individual Voluntary Arrangement (IVA). The first is for businesses, the second for individuals.
Both are designed to create breathing space for companies or individuals who are in debt. This makes it possible for them to comfortably pay off their debts over time, giving them the space they need to get back on track. These can be effective strategies to help avoid personal bankruptcy or insolvency.
We offer practical, bespoke insolvency advice UK wide, together with professional guidance on business recovery, rescue and restructuring. Our aim is to formulate a path towards to sustainable profitability, using legal and financial processes specifically designed to protect against further creditor action.
We are also licensed to act as official appointed liquidator in circumstances where there is no alternative but to enter a Creditors’ Voluntary Liquidation.