Generated by All in One SEO v4.8.9, this is an llms.txt file, used by LLMs to index the site. # Company Insolvency Helpline UK Company Debt & Company Rescue Advice ## Sitemaps - [XML Sitemap](https://www.insolvencyhelpline.co.uk/sitemap.xml): Contains all public & indexable URLs for this website. ## Pages - [Home](https://www.insolvencyhelpline.co.uk/) - UK experts in company insolvency, business rescue, liquidation, CVAs, and debt advice for limited companies and sole traders. - [About Us](https://www.insolvencyhelpline.co.uk/about-us/) - Learn about our UK-based insolvency experts with 20+ years' experience in business rescue, debt advice, and company recovery solutions. - [Site Map](https://www.insolvencyhelpline.co.uk/about-us/site-map/) - XML Sitemap Generated by Yoast SEO, this is an XML Sitemap, meant for consumption by search engines. You can find more information about XML sitemaps on sitemaps.org. This XML Sitemap contains 213 URLs. URL Images Last Mod. https://www.insolvencyhelpline.co.uk/ 0 2025-02-24 14:52 +00:00 https://www.insolvencyhelpline.co.uk/our-services/ 0 2019-08-13 11:20 +00:00 https://www.insolvencyhelpline.co.uk/accessibility/ 0 2019-08-14 07:09 +00:00 https://www.insolvencyhelpline.co.uk/insolvency/what-is-insolvency/ 0 2019-09-06 - [Links](https://www.insolvencyhelpline.co.uk/about-us/links/) - Useful Links We have compiled a selection of business related web site links that we hope you will find useful. If you have any suggestions for web sites that you have found useful please let us know. Companies House (For information on Limited Companies) Phone: 0303 1234 500 Website: www.companieshouse.gov.uk Business Link (Local advice centres - [Phoenix companies](https://www.insolvencyhelpline.co.uk/phoenix-companies/) - In life sometimes people just don't get things right the first time. Businesses fail for many different reasons and honest and hard working entrepreneurs should be given a second chance to get things right. What is a phoenix? A phoenix is a multi coloured fictional bird. Near the end of the birds life it builds - [Company closedown](https://www.insolvencyhelpline.co.uk/company-closedown/) - Thousands of businesses are forced to close down every year, so whatever the reason may be, you should ensure that you have a well structured and formal written plan.Det er ikke noe begrep om upassende tid til å sende neste bilde i et naken eller erotisk smil. La det få en overraskelse midt i møtet - [Company Finance](https://www.insolvencyhelpline.co.uk/company-finance/) - There are a wide variety of business finance options available which can be used for a variety of reasons. Whether you need to start or grow a business, purchase new equipment stock or premises or you simply need a little extra cash to help with your day to day running costs.I tillegg var forskere i - [Refinance your business](https://www.insolvencyhelpline.co.uk/refinance-your-business/) - Struggling to meet loan repayments each month may give you cause to consider refinancing your company. If refinancing is done in a clear and considered way, refinancing could provide your business with the necessary funds to allow the breathing space to operate, without terms that strangle all life out of its profitability. One of the - [Factoring](https://www.insolvencyhelpline.co.uk/company-finance/factoring/) - Factoring Factoring is a type of Invoice Finance that is gaining popularity due to its flexibility and ease of borrowing. Like a loan,with factoring you are borrowing against the assets in your sales ledger,Het is raar. Misschien als het beter werd gedaan, zou alles cialis zijn. Waar is hij snel, heb je andere plannen? Dus - [Business turnaround](https://www.insolvencyhelpline.co.uk/business-turnaround/) - Debt problems affect thousands of businesses every year, resulting in winding up orders and liquidation for many. Your company may have entered a period of financial difficulty for a range of reasons. Whether your sales are down, profits aren't what they could be, a poor economic climate squeezing all profitability out of your company, or - [Company Closure](https://www.insolvencyhelpline.co.uk/company-closure/) - When a company enters into a difficult financial position and company closure is inevitable, it's important to know that you have a plan to cope with the eventualities that ensue. Thousands of businesses close every year, and with the aid of a company closure plan, this process is made a easy and hassle free as - [Costs of liquidation](https://www.insolvencyhelpline.co.uk/liquidation/costs-of-liquidation/) - The costs of a liquidation varies depending on the complexity of the case, and the extent of the work required to liquidate the company, however as a rough guide an insolvency practitioner will usually charge around £4000 to £7000 to liquidate a company.Emin ha condiviso la sua opinione con noi e ha detto che il - [Voluntary liquidation](https://www.insolvencyhelpline.co.uk/liquidation/voluntary-liquidation/) - Voluntary Liquidation is when the Directors and Shareholders of the company voluntarily decide to wind up the company because it is unable to pay its debts and it doesn't have sufficient assets to cover their debts. Voluntary liquidation is a quick way for a Business which feels it can no longer continue trading to settle - [HMRC Tax Advice](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/) - This article is going to cover how to make the most of your relationship with the HMRC and in subsequent articles deal with specific issues over vat, corporation tax, and a multitude of other important issues in terms of maximising the benefits from the relationship. What does the HMRC expect from businesses? Compliance with tax - [Liquidation](https://www.insolvencyhelpline.co.uk/liquidation/) - What is business insolvency? Business insolvency occurs when a business is unable to pay off its debts. This can either be because the business is cash flow insolvent or balance sheet insolvent. A business that is cash flow insolvent is unable to pay its debts when they are due and a business that is balance - [Terms and conditions](https://www.insolvencyhelpline.co.uk/sitemap/) - This website has been written and intended for registered limited companies in the UK only. The site contains general information and resources for limited companies only in financial trouble. Insolvency Helpline work only work with limited companies to offer solutions for their business debt problems. Insolvency Helpline cannot offer help or advice any other entity - [Insolvency](https://www.insolvencyhelpline.co.uk/insolvency/) - online store offers best swiss www.vapes-pen.com with cheap prices. exact replica luxury watches with the hunt for a final magnificence in addition an excellent fusion from folks specific impressive model. swiss rolex replica presents typically the community from hopes. best https://www.apxvape.gr/ vape site. we offer https://tomtops.ru in low price. welcome to our https://patekphilippereplica.ru shop. the - [CVA](https://www.insolvencyhelpline.co.uk/cva/) - A Company Voluntary Arrangement (CVA) is a deal between the company and its creditors, which prevents the creditors from taking any further legal action against the company. A CVA allows the viable company to repay some or all of its debts out of its future profits over an agreed period of time. A CVA is - [Striking off and dissolving a UK company](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/striking-off-and-dissolving-a-uk-company/) - Striking off and dissolving a UK company This factsheet provides information on the process as to how someone can remove a company from the register, as covered under law in the Companies Act 2006.e. Please note that the striking off process is certainly not an alternative to formal insolvency proceedings where these are appropriate. Even - [Insolvency Guide](https://www.insolvencyhelpline.co.uk/insolvency/insolvency-guide/) - If you’re unable to service your business debt, or if your business assets are valued lower than your total debts, your business is insolvent.Every year, thousands of businesses struggle with debts, with a large number entering into bankruptcy procedures and winding up orders. If you’re unable to pay your personal debts, legal action may be - [Accessibility](https://www.insolvencyhelpline.co.uk/accessibility-2/) - Visual design The Insolvency Helpline web site uses cascading style sheets (CSS) for visual layout and uses only relative font sizes, compatible with the user-specified 'text size' option in visual browsers. If your browser or browsing device does not support stylesheets at all, the content of each page is still readable. Every effort has been - [Trade sales advice](https://www.insolvencyhelpline.co.uk/trade-sales-advice/) - Selling the business, also known as 'disposal', is often the best option available when looking to raise cash. Whatever the reason for selling the business, whether it's raising funds for retirement, the lack of a suitable successor to continue the business, or any other reason, the decision is never easy and needs plenty of consideration. - [My company cannot afford to pay a CCJ, what can I do?](https://www.insolvencyhelpline.co.uk/company-debt/my-company-cannot-afford-to-pay-a-ccj-what-can-i-do/) - What is a county court judgement? (CCJ) If a company owes money to one of its creditors which it is unwilling or unable to pay, the creditor can apply to the court for a county court judgement (CCJ). A CCJ is a court order demanding that the outstanding debt is paid. A CCJ can demand - [Contact Information](https://www.insolvencyhelpline.co.uk/about-us/contact-information/) - LONDON National Administration Centre51 New Cavendish StreetLondonW1G 9TG Nearest Tube: Oxford Circus or Bond Street - see Transport for London for more details BEDFORD Fairways A1/A428 Interchange Wyboston Lakes Great North Road Bedfordshire MK44 3BZ CAMBRIDGE Charter House 62 – 64 Hills Road Cambridge CB2 1LA GRANTHAM 2 Bath Street Grantham Lincolnshire NG31 6EG HULL - [Contact Us](https://www.insolvencyhelpline.co.uk/contact-us/) - [Reintroduction of UK Crown Preference from 1 December 2020](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/reintroduction-of-uk-crown-preference-from-1-december-2020/) - Reintroduction of UK Crown Preference from 1 December 2020 HMRC enjoyed preference prior to 2002 but then the government decided to abolish thus to bring into line with other western countries. From December 1st 2020 this preference is reestablished.. So from that date VAT, PAYE and Employees NI will be paid in priority to other - [Company Debt Advice Factsheets](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/) - Here are some useful guides and factsheets to help you some of the areas of company debt and insolvency that our customers a frequently asking our advice team about. Our information guides are short and easy to digest, giving an overview of the relevant topic. Striking off and dissolving a company How to Choose the - [Company Rescue using a Company Voluntary Arrangement CVA](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/) - A Company Voluntary Arrangement (or CVA) is a legal agreement between your company and its creditors, based on the company repaying a fixed amount that is lower than your actual outstanding debt. The repayments are calculated monthly, based on an amount that the business can reasonably afford. Remaining debts are written off at the end - [Can a Company Recover from a CVA?](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/can-a-company-recover-from-a-cva/) - Can a Company Recover from a CVA? What are the Barriers to a Successful CVA? To answer this question it is important to understand why a CVA is proposed and what will be the barriers to it succeeding. CVAs are not the solution in the majority of cases involving insolvent companies. Successful Underlying Business Fundamental - [Directors Guide on Creditors’ Voluntary Liquidation (CVL) for serious company debt issues](https://www.insolvencyhelpline.co.uk/directors-guide-on-creditors-voluntary-liquidation-cvl-for-serious-company-debt-issues/) - Our professionals in company insolvency and business rescue have many years’ experience using a range of tools to get businesses back on track or wind them up, Creditors’ Voluntary Liquidation (CVL) for serious company debt issues where there is no other viable alternative. There are many reasons why a business might have to stop trading - [When is a company insolvent and when should it seek company debt advice?](https://www.insolvencyhelpline.co.uk/when-is-a-company-insolvent-and-when-should-it-seek-company-debt-advice/) - When is a company insolvent and when should it seek company debt advice? To answer the question “When is a Company Insolvent?” we need to look at the outcome of two tests. A Company is Insolvent if: It does not have enough assets to cover its debts; that means the value of its assets are - [Help for UK companies facing business failure](https://www.insolvencyhelpline.co.uk/help-for-uk-companies-facing-business-failure/) - It is common knowledge about the myth about some of the risks business face that over 80% of new businesses survive their first year), it is still true to say that many businesses don't last much longer. Running a company is risky and running into financial difficulties is a common problem. Bankruptcy applies to people - [A Guide to Company Voluntary Arrangement (CVA)](https://www.insolvencyhelpline.co.uk/a-guide-to-company-voluntary-arrangement-cva/) - A Guide to Company Voluntary Arrangement The Procedure This procedure allows a financially troubled company to reach a binding agreement with its creditors about payment of all, or part of, its debts over an agreed period of time. A moratorium, which stops creditors taking enforcement action, can be applied for by applying to the Court - [Guide to Members Voluntary Liquidation for solvent companies or directors that want to retire](https://www.insolvencyhelpline.co.uk/guide-to-members-voluntary-liquidation-for-solvent-companies-or-directors-that-want-to-retire/) - Members Liquidation which is also know as Members Voluntary Liquidation is the winding up and liquidating of a company that is actually solvent. This means that the business has assets to cover its debts. As the business is solvent its decision to liquidate is a voluntary one. Businesses usually decide to enter Members Liquidation in - [Company Debt Business Debt Corporate Recovery advice](https://www.insolvencyhelpline.co.uk/company-debt-business-debt-corporate-recovery-advice/) - Whatever your business and whatever its financial challenges, The UK Company Insolvency Helpline can help. Corporate or Business Recovery is a stock phrase with many advice services, but at The UK Company Insolvency Helpline we work harder to turnaround your business wherever possible. Even viable businesses fail when they run out of cash. So if - [What does winding up mean for Companies and Company Directors?](https://www.insolvencyhelpline.co.uk/what-does-winding-up-mean-for-companies-and-company-directors/) - Winding Up Petition and Winding Up Order - What does winding up mean for Companies and Company Directors? What is a winding up order? A winding up order is the last stage of the process after being given a company winding up petition. A court-ordered petition can be sent to the company by any creditor - [Debt Management Guide for Limited Companies - Company Debt Advice Guide](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/debt-management-guide-for-limited-companies-company-debt-advice-guide/) - Debt Management Guide for Limited Companies - Company Debt Advice Guide Corporate insolvency ranges from a small business, with two employees owing a few thousand pounds, to the collapse of large groups owing upwards of a billion pounds. Some of the wrong reasons are: Lack of financial management Insufficient investment capital (cash): too much credit - [A Guide to Limited Company Bankruptcy - Company Debt Advice Guide](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/a-guide-to-limited-company-bankruptcy-company-debt-advice-guide/) - A Guide to Limited Company Bankruptcy - Company Debt Advice Guide Having struggled to build their commercial enterprise up from the ground, it’s perfectly understandable that owners may be reluctant to make difficult decisions about insolvency. Facing the prospect of bankruptcy is never going to be easy for any company owner, but the key is - [Does your company require company debt advice? - Take the company health check](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/does-your-company-require-company-debt-advice-take-the-company-health-check/) - Does your company require company debt advice? - Take the company health check Building a company from the ground up requires skill, patience and dedication. The truth is, only those who have done it themselves know how much time and effort it takes. That’s why asking for help when it comes to business insolvency can - [How to Choose the Right Insolvency Practitioner for Your Company](https://www.insolvencyhelpline.co.uk/company-debt-advice-factsheets/how-to-choose-the-right-insolvency-practitioner-for-your-company/) - How to Choose the Right Insolvency Practitioner for Your Company Working with the right insolvency practitioners is vital. Each has different strengths, after all, and not every business – or every insolvency situation – is the same. If cashflow is at the heart of your problems, there is an insolvency practitioner ideally suited to your - [Company Finance Options](https://www.insolvencyhelpline.co.uk/company-finance-options/) - We offer free advice to companies in the UK and Ireland looking to improve cash flow. Having developed close working relationships with over 70 specialist lenders, including many niche players, not only can we offer you the best rates and a swift response, we can also help you identify the best funding partner and product - [Asset Finance Hire Purchase and Leasing options to acquire or refinance new or used equipment](https://www.insolvencyhelpline.co.uk/company-finance-options/asset-finance-hire-purchase-and-leasing-options-to-acquire-or-refinance-new-or-used-equipment/) - Asset Finance - Hire Purchase and Leasing options to acquire or refinance new or used equipment Whether you're buying new assets, replacing old ones, or even if you need to re-finance assets that you already own, we'll aim to get you the best asset finance package, at the best price. Products available include Finance Lease, - [Credit insurance protection against the failure customers that owe money](https://www.insolvencyhelpline.co.uk/company-finance-options/credit-insurance-protection-against-the-failure-customers-that-owe-money/) - Credit insurance provides a business with protection against the failure of a customer to pay their trade debts. This can arise as a result of a customer becoming insolvent or because a customer fails to pay within the agreed credit period. On average, companies have 40% of their current assets in the form of debtors. - [Asset Based Lending leverage the company assets to fund the working capital.](https://www.insolvencyhelpline.co.uk/company-finance-options/asset-based-lending-leverage-the-company-assets-to-fund-the-working-capital/) - Asset Based Lending Also known as Revolving Trading Facilities, this is a specialised working capital facility that allows a business to leverage the current assets to fund the working capital. Asset Based Finance is available in conjunction with invoice discounting. The funder looks at the assets of the business including receivables, stock, property, as well - [Export factoring to pay invoices to overseas customers.](https://www.insolvencyhelpline.co.uk/company-finance-options/export-factoring-to-pay-invoices-to-overseas-customers/) - Export factoring provides a business with immediate cash advances against invoices to overseas customers. Export Finance allows a business to develop exports profitably and trade overseas with confidence. The finance is provided by specialist funders who are fully conversant with export markets and the collection activity is usually conducted in native languages or by a - [Stock Finance to pay suppliers for stock.](https://www.insolvencyhelpline.co.uk/company-finance-options/stock-finance-to-pay-suppliers-for-stock/) - Stock Finance provides a business with an unsecured line of credit to pay suppliers for stock. Finance for stock and raw material purchases Letters of credit or world-wide payment to suppliers Suitable for financially strong companies No impact on existing funding arrangements Repayment via Bill of Exchange How does Stock Finance work? The funder agrees - [Trade Finance - for companies that import into the UK](https://www.insolvencyhelpline.co.uk/company-finance-options/trade-finance-for-companies-that-import-into-the-uk/) - Trade Finance includes all types of finance to assist importers with products such as: Letters of Credit Documentary Collections Supplier Payment Facilities Confirmed Order Finance Stock Finance Standby Letter of Credit facilities Bonds Guarantees. We have vast experience helping importers secure additional finance to realise business opportunities. With our knowledge and contacts, we can work - [Purchase Order Finance - purchasing power to pay your suppliers](https://www.insolvencyhelpline.co.uk/company-finance-options/purchase-order-finance-purchasing-power-to-pay-your-suppliers/) - Purchase Order Finance offers your business the purchasing power to pay your suppliers for confirmed orders from quality debtors. Funding of goods against confirmed orders 100% supplier payments including Duty & Vat Letter of credit facility No impact on existing funding arrangements Repayment via debtor finance No turnover/net worth criteria How does it work? You - [Selective Invoice Finance - access invoice finance only when you need it.](https://www.insolvencyhelpline.co.uk/company-finance-options/selective-invoice-finance-access-invoice-finance-only-when-you-need-it/) - Selective Invoice Finance gives you the flexibility to access invoice finance only when you need it. Funding against single, selective or multiple debtors Immediate cash advances (up to 90%) against invoices Domestic and export customers Individual transactions Credit insurance included No minimum turnover/nett worth How does it work? You apply for a credit limit on - [Factoring for improving cashflow](https://www.insolvencyhelpline.co.uk/company-finance-options/factoring-for-improving-cashflow/) - Factoring for improving cashflow Factoring provides a business with immediate cash advances (up to 90%) against invoices raised to trade customers. The factoring company is responsible for the sales ledger administration as well as chasing the debts and collecting the payments from customers. Factoring is suitable for businesses with gross sales of at least £50K - [Invoice Discounting to release funds tied up in unpaid invoices](https://www.insolvencyhelpline.co.uk/company-finance-options/invoice-discounting-to-release-funds-tied-up-in-unpaid-invoices/) - Invoice Discounting to release funds tied up in unpaid invoices Invoice Discounting provides a business with immediate cash (up to 90%) against invoices raised to trade customers. The business retains full control over the sales ledger administration and collection activities. Suitable for financially strong companies, as a guide, facilities are available for established profitable companies - [What are the Limited Company Debt Options?](https://www.insolvencyhelpline.co.uk/what-are-the-limited-company-debt-options/) - If your business is in a difficult financial situation, there are a few options to choose from, each with advantages and disadvantages. This section aims to describe and outline each of the main available options, together with their pros and cons to help you decide what the best way forward is for you and your - [Company Mortgage and Rent Debt Arrears](https://www.insolvencyhelpline.co.uk/company-mortgage-and-rent-debt-arrears/) - What are Arrears Arrears is a term used when you have not paid invoices/made payments on debts which have built up and need to be paid, if you do not pay, the debt holder may take action to claim the money back. Ways to Deal with Company Mortgage Arrears Mortgage arrears occur when the business - [HMRC Tax Problems Advice and Support on HMRC tax arrears](https://www.insolvencyhelpline.co.uk/hmrc-tax-problems-advice-and-support-on-hmrc-tax-arrears/) - Paying business debts to HMRC should be at the top of the list of priorities. If a company does not budget or plan for their taxes, this can lead to some serious problems in the future. Preventing HMRC debt can be as simple as ensuring that tax bills are paid on time and prioritising these - [Understanding Business Insolvency and Company Debt](https://www.insolvencyhelpline.co.uk/understanding-business-insolvency-and-company-debt/) - What is Business Insolvency? When a business is unable to pay debts as they become due, they become insolvent. There are two types of insolvency: cash flow and balance sheet. Cash Flow Insolvency Cash Flow Insolvency takes place when a business is unable to pay its debts when they are due. This is usually because - [Advice to avoid business and company debt](https://www.insolvencyhelpline.co.uk/advice-to-avoid-business-and-company-debt/) - Advice to avoid business and company debt - The Do’s and don’ts of business debt What you SHOULD DO: Tackling high priority debts ensures that you will be able to explore all options before they are no longer available. Priority debts can include debts which could close down a business, leading to other business critical - [What are the signs the business is in trouble or company debt signs?](https://www.insolvencyhelpline.co.uk/what-are-the-signs-the-business-is-in-trouble-or-company-debt-signs/) - What are the signs the business is in trouble or that the company is in debt? Sometimes, due to high levels of stress or denial, some business directors find themselves looking for business financial solutions when it may be too late. If you can answer yes to more than one of the questions below it - [The Insolvency Acts 1986 and 2000](https://www.insolvencyhelpline.co.uk/the-insolvency-acts-1986-and-2000/) - The Insolvency Acts - 1986 and 2000 Dealing with all areas of company insolvency, the Insolvency Act became law in 1986. For limited companies, the act covers all aspects of insolvency, administration and the process of winding up companies. The 1986 Act also introduced the Company Voluntary Arrangement (CVA) which is an increasingly popular option - [Liquidation of a Limited Company - Company Bankruptcy or Liquidation](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/) - Company Bankruptcy (Liquidation) Bankruptcy is the term used to describe the process that an individual person can go through if they have no possibility of repaying the money that they owe. Often people also use the word bankruptcy to describe the process which a company goes through if it is insolvent and needs to be - [Company Liquidation does not have to be the end of the road for businesses](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/company-liquidation-does-not-have-to-be-the-end-of-the-road-for-businesses/) - Company Liquidation does not have to be the end of the road for businesses If a company is struggling and unable to continue trading perhaps due to a downturn in business and the weight of its outstanding debts, the director or directors may decide the best course of action is to close the business. This - [Avoid Company Bankruptcy Liquidation using Company Voluntary Arrangement (CVA)](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/avoid-company-bankruptcy-liquidation-using-company-voluntary-arrangement-cva/) - Avoid Company Bankruptcy (Liquidation) using Company Voluntary Arrangement (CVA) If your company is suffering from financial difficulties and is struggling to pay its creditors you may be thinking about cutting your losses and closing the company down. This process is commonly known as company bankruptcy. The formal term is actually company liquidation. If a company - [Avoid Company Bankruptcy Liquidation using a Pre-Pack or Phoenix](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/avoid-company-bankruptcy-liquidation-using-a-pre-pack-or-phoenix/) - Avoid Company Bankruptcy (Liquidation) using a Pre-Pack or Phoenix If your company is no longer financially viable in its current form, you may be looking at closing (or liquidating) the business. However, if you believe that the business idea remains a good one and if set up perhaps in a slightly different format the company - [Avoid Company Bankruptcy Liquidation using Business Refinancing](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/avoid-company-bankruptcy-liquidation-using-business-refinancing/) - Avoid Company Bankruptcy (Liquidation) using Business Refinancing In the midst of an economic downturn, many companies find themselves at risk of failure because they do not have enough cash to maintain their day to day business activities. This may be the case even if there is a strong order book as customers fail to pay - [Liquidation - how do I close my company?](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/liquidation-how-do-i-close-my-company/) - Liquidation - how do I close my company? If you have decided to close your company either because it is bankrupt and cannot continue or you want to stop trading for some other reason then you will need to put the business into liquidation. The most common form of liquidation is creditors voluntary liquidation (CVL). - [Company Liquidation – What is Liquidation and when should it be used?](https://www.insolvencyhelpline.co.uk/liquidation-of-a-limited-company-company-bankruptcy-or-liquidation/company-liquidation-what-is-liquidation-and-when-should-it-be-used/) - Company Liquidation – What is Liquidation and when should it be used? If you do not want to continue running your business or you think it is in difficulty and cannot continue to trade, then you need to get good information about your possible options. One area which you will need to consider is company - [FAQs (Frequently Asked Questions) on Business Rescue and Company Debt](https://www.insolvencyhelpline.co.uk/faqs-frequently-asked-questions-on-business-rescue-and-company-debt/) - FAQs (Frequently Asked Questions) on Business Rescue and Company Debt What are insolvency proceedings? These are formal measures taken to deal with company debt. There are many different types of company insolvency proceedings. Do insolvency proceedings apply to all types of companies? Compulsory winding-up and receivers (including administrative receivers) apply to registered and unregistered companies - [Glossary of Insolvency Terms](https://www.insolvencyhelpline.co.uk/glossary-of-insolvency-terms/) - Glossary of Insolvency Terms You may want to know what they mean This is a brief explanation of some of the terms you may come across in insolvency proceedings. Please note that this glossary is for general guidance only. Many of the terms have a specific technical meaning in certain contexts that may not be - [Business Recovery Services Review and Assessment](https://www.insolvencyhelpline.co.uk/business-recovery-services-review-and-assessment/) - Business Recovery Services Review and Assessment Evaluate the current state of your business and assess which Business Recovery Services option may be right for you. Do I need A Business Rescue or Business Recovery Service? The first question to ask yourself is: "Is my company insolvent?" If it is then you will need to take - [Business Refinancing](https://www.insolvencyhelpline.co.uk/business-refinancing/) - Business Refinancing Cash flow is the life blood of any business. Without it, the business will fail. Unfortunately the credit crunch has resulted in many businesses becoming starved of cash because they are unable to raise the funds they need from traditional sources such as bank loans and overdrafts. In addition, in many situations, agreed - [Pre Pack Administration for a fresh start](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/) - Pre Pack Administration for a fresh start if your company has large outstanding debts and significant assets Pre Pack Administration is a process whereby the directors of an insolvent company start a new business which then buys the assets of the old failing business. Instead of putting additional resources into an already insolvent company the - [Business Phoenixing – Is a Pre Pack a practical way to avoid company failure?](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/business-phoenixing-is-a-pre-pack-a-practical-way-to-avoid-company-failure/) - Business Phoenixing – Is a Pre Pack a practical way to avoid company failure? As the recession continues to bite, more and more businesses are finding it difficult to continue trading. However, very often these difficulties are not because customers have stopped buying completely. Rather, they are buying in reduced volumes and asking for lower - [Pre Pack and Phoenixing - Tips to ensure pre pack success](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/pre-pack-and-phoenixing-tips-to-ensure-pre-pack-success/) - Pre Pack and Phoenixing - Tips to ensure pre pack success The term Pre Pack liquidation or Phoenixing is used to describe the process where the assets (and often the name) of a business are purchased by a new company. The new company continues to trade without the burden of the old business' debts. The - [How to do a pre pack liquidation or phoenix](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/how-to-do-a-pre-pack-liquidation-or-phoenix/) - How to do a pre pack liquidation or phoenix Your company may be in a position where it is failing because it cannot pay its creditors. In addition company agreements such as premises leases are no longer appropriate. If this is the case, you may be considering simply cutting your losses and closing the business. - [Do the benefits of Pre Packs (Phoenixing) outweigh the criticisms?](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/do-the-benefits-of-pre-packs-phoenixing-outweigh-the-criticisms/) - Do the benefits of Pre Packs (Phoenixing) outweigh the criticisms? Pre Pack liquidation or Phoenixing has become the subject of much debate over the past 12 months. A pre pack liquidation allows the assets of a failing company to be sold to a new business (often owned by the directors of the old company). The - [Pre pack administration and possible problems with the HMRC](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/pre-pack-administration-and-possible-problems-with-the-hmrc/) - Pre pack administration and possible problems with the HMRC Pre-pack administration or phoenixing can be a useful business rescue solution. However, businesses may be prevented from taking advantage of this option because of an HM Revenue and Customs requirement for a VAT deposit. If a business is in financial difficulty, one of the solutions which - [I have got company debt problems - how can a pre pack help?](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/i-have-got-company-debt-problems-how-can-a-pre-pack-help/) - I have got company debt problems - how can a pre pack help? If your company is failing because of the weight of historic business debt repayments, pre pack administration can write off debt and give the business a new start. Company debt problems are one of the main reasons behind business failure. Significant business - [What happens to my personal guarantee if I do a pre pack?](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/what-happens-to-my-personal-guarantee-if-i-do-a-pre-pack/) - What happens to my personal guarantee if I do a pre pack? A pre pack can be a very good way of solving a company debt problem. However where debt remains unpaid, creditors will call in any personal guarantees leaving directors personally liable. The pre pack process (sometimes known as phoenixing) enables a brand new - [If I do a pre pack administration, can I trade from the same premises?](https://www.insolvencyhelpline.co.uk/pre-pack-administration-for-a-fresh-start/if-i-do-a-pre-pack-administration-can-i-trade-from-the-same-premises/) - If I do a pre pack administration, can I trade from the same premises? For many businesses one of the advantages of a pre pack administration will be that they are able to continue to trade from the same premises. We investigate how this is achieved. Pre pack administration (commonly known as business phoenixing) - [What is Administration?](https://www.insolvencyhelpline.co.uk/what-is-administration/) - What is Administration? Company Administration was first introduced by the Insolvency Act 1986 as a procedure to protect a company from its creditors giving time for significant operational changes to be made thus leaving the business as a viable going concern. An Administrator is appointed to manage a company's affairs, business and property for the - [Avoid Company Bankruptcy (Liquidation) using Company Voluntary Arrangement (CVA)](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/avoid-company-bankruptcy-liquidation-using-company-voluntary-arrangement-cva/) - Avoid Company Bankruptcy (Liquidation) using Company Voluntary Arrangement (CVA) If your company is suffering from financial difficulties and is struggling to pay its creditors you may be thinking about cutting your losses and closing the company down. This process is commonly known as company bankruptcy. The formal term is actually company liquidation. If a company - [How to do a Company Voluntary Arrangement](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/how-to-do-a-company-voluntary-arrangement/) - How to do a Company Voluntary Arrangement If your company is under serious pressure, but should the historic debt be removed, the business remains viable, then a Company Voluntary Arrangement (CVA) could be the answer. A company voluntary arrangement is a vehicle which allows the company to offer a settlement to its creditors. The company - [CVAs (Company Voluntary Arrangements) become increasingly acceptable to creditors](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/cvas-company-voluntary-arrangements-become-increasingly-acceptable-to-creditors/) - CVAs (Company Voluntary Arrangements) become increasingly acceptable to creditors Many large public interest companies in the UK plan to resolve its financial difficulties by agreeing a Company Voluntary Arrangement (CVA) with its creditors. The CVA route allows large public interest companies to make cost cutting changes, and gain the support of its creditors to survive.Yet - [Company Voluntary Arrangement may save your Business](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/company-voluntary-arrangement-may-save-your-business/) - Company Voluntary Arrangement may save your Business A number of companies are struggling financially in the current economic climate with cash flow problems and mounting pressure from creditors. If it looks like you are facing insolvency, particularly where there is a large debt burden, a company voluntary arrangement (CVA) may be a good solution to - [When should I use a Company Voluntary Arrangement](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/when-should-i-use-a-company-voluntary-arrangement/) - When should I use a Company Voluntary Arrangement If your business is failing due to debt which you are unable to pay and you are spending your time juggling creditors rather than running your company, a company voluntary arrangement could be the ideal business rescue solution. A company voluntary arrangement (CVA) allows a business to - [How can I reduce my company debt with a Company Voluntary Arrangement?](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/how-can-i-reduce-my-company-debt-with-a-company-voluntary-arrangement/) - How can I reduce my company debt with a Company Voluntary Arrangement? If your business is unable to pay its debts, a company voluntary arrangement (CVA) could reduce your monthly payments and write off debt thus saving the business from failure. A company voluntary arrangement (CVA) is often used to solve limited company debt problems. - [What happens if I cannot pay my Company Voluntary Arrangement?](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/what-happens-if-i-cannot-pay-my-company-voluntary-arrangement/) - What happens if I cannot pay my Company Voluntary Arrangement? A company voluntary arrangement (CVA) can solve a company debt problem and transform a business back to profitability. However failure to maintain the agreed payments could force the company to be wound up. Where a company is struggling under the weight of its debts, a - [What are the downsides to doing a Company Voluntary Arrangement?](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/what-are-the-downsides-to-doing-a-company-voluntary-arrangement/) - What are the downsides to doing a Company Voluntary Arrangement? Company voluntary arrangements are used widely to save businesses in financial difficulty. However before going ahead with this type of solution, directors should be fully aware of the potential pitfalls. A company voluntary arrangement (CVA) is an agreement with creditors to settle the debts owed - [Avoid having to defer tax debts by using a CVA](https://www.insolvencyhelpline.co.uk/company-rescue-using-a-company-voluntary-arrangement-cva/avoid-having-to-defer-tax-debts-by-using-a-cva/) - Avoid having to defer tax debts by using a Company Voluntary Arrangement (CVA) Many companies have delayed paying VAT and tax debts by using the government "Time to Pay" scheme. However, using a company voluntary arrangement could have allowed them to reduce their payments and write off some of their debt all together. HM Revenue - [Company Debt](https://www.insolvencyhelpline.co.uk/company-debt/) - If a company is falling into financial difficulty there are a number of business debt rescue services solutions that can be looked at with the aim of succeeding in effecting a business turnaround or company rescue. Clearly the first solution that business people consider is to secure additional funding either from investors or their bankers. - [Members Voluntary Liquidation (MVL) - What is Members Voluntary Liquidation?](https://www.insolvencyhelpline.co.uk/company-debt/members-voluntary-liquidation-mvl-what-is-members-voluntary-liquidation/) - Members Voluntary Liquidation (MVL) - What is Members Voluntary Liquidation? A Members Voluntary Liquidation can take place when the directors of a company believe that the company is solvent but they no longer wish for the company to trade. This may be because the owner director is to retire and prefers to liquidate the company - [Voluntary Liquidation the process by which the directors of a company close the company down](https://www.insolvencyhelpline.co.uk/company-debt/voluntary-liquidation-the-process-by-which-the-directors-of-a-company-close-the-company-down/) - Creditors Voluntary Liquidation (CVL) - What is a Creditors Voluntary Liquidation? A company may go into Creditors Voluntary Liquidation when it cannot pay its debts. The directors and or shareholders decide to put the company into liquidation due to the fact it is insolvent. In doing this a licensed Insolvency Practitioner is appointed as the - [Compulsory Liquidation (Company Bankruptcy)](https://www.insolvencyhelpline.co.uk/company-debt/compulsory-liquidation-company-bankruptcy/) - Compulsory Liquidation (Company Bankruptcy) Compulsory liquidation (often called Company Bankruptcy) of a company is when the company is ordered by a court to be wound up. This is the closest thing to bankruptcy for a limited company. Compulsory Liquidation is used where one or more of a company's creditors feel the need to force the - [Company Liquidation - What will it cost to close my company?](https://www.insolvencyhelpline.co.uk/company-debt/company-liquidation-what-will-it-cost-to-close-my-company/) - Company Liquidation - What will it cost to close my company? If you need to close your company, there are costs involved which often need to be borne by the directors. However better this than waiting for a winding up order and risk being left liable for company debts. If a company needs to be - [If my company is wound up could the bank force me to sell my home?](https://www.insolvencyhelpline.co.uk/company-debt/if-my-company-is-wound-up-could-the-bank-force-me-to-sell-my-home/) - If my company is wound up could the bank force me to sell my home? If your company is struggling and likely to be wound up, your home could be at risk if you have given personal guarantees of repayment to the bank. In the traditional sense, if you own a limited company you are - [My company debt cannot be paid - options to solve the problem](https://www.insolvencyhelpline.co.uk/company-debt/my-company-debt-cannot-be-paid-options-to-solve-the-problem/) - My company debt cannot be paid - options to solve the problem If your company has debt which it cannot afford to pay, you could risk the business being wound up and the directors being held liable. Rescue solutions are available but their early implementation is vital. When a business is in financial difficulty, creditors - [My company is struggling with debt – what are my options?](https://www.insolvencyhelpline.co.uk/company-debt/my-company-is-struggling-with-debt-what-are-my-options/) - My company is struggling with debt – what are my options? As small to medium sized businesses continue to face financial difficulty, business owners should be aware of the different strategies available to resolve company debt problems. Small to medium sized companies remain under significant financial pressure due to the general economic slowdown and the - [business_solutions/company_voluntary_arrangement.php](https://www.insolvencyhelpline.co.uk/business_solutions-company_voluntary_arrangement/) - business_solutions/company_voluntary_arrangement.php - [IVA 1](https://www.insolvencyhelpline.co.uk/iva-iva/) - [IVA](https://www.insolvencyhelpline.co.uk/iva-iva-php/) - Main IVA Guide - [Company Debt Helpline](https://www.insolvencyhelpline.co.uk/helpline/) - test rs - [Accelerated Payment Notices Factsheet](https://www.insolvencyhelpline.co.uk/services/accelerated-payment-notices-factsheet/) - You really can solve a serious HMRC Tax problem All HMRC tax advice start life with legal intentions but things can change. That’s when you need the best advice. We work with leading providers of specialist and impartial advice on serious HMRC Company debt problems Whatever solution recommended; honest advice is at the heart of - [Services](https://www.insolvencyhelpline.co.uk/services/) - [Pre Pack Administration - a real way to rescue a core business](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/pre-pack-administration-a-real-way-to-rescue-a-core-business/) - Pre Pack Administration In the current economic climate, many companies in the UK have turned to the Pre-Pack Administration procedure to assist them with overwhelming financial issues, and the stresses that come with them. What is Pre-Pack Administration? Pre-Pack Administration is the process where the sale of some or all of the assets of a - [Business Rescue](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/business-rescue-service-company-debt/) - Business Rescue We are an independent and completely impartial team of professionals with over 20 years of experience in helping companies with serious business debt, aiding with their business recovery and assisting with legal and financial solutions. Our focus is on rescuing your business first and foremost but if that isn’t possible we will ensure - [Liquidation - an option for a company in debt](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/liquidation-an-option-for-a-company-in-debt/) - Liquidation Company Liquidation is the process of selling an insolvent business assets and dividing them up between creditors to pay off debts. It can either be voluntary or compulsory. Voluntary Liquidation Voluntary liquidation is initiated for a number of reasons. Sometimes a company may elect to enter liquidation while they are still solvent and their - [Creditors Voluntary Liquidation CVL](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/creditors-voluntary-liquidation-cvl/) - Creditors Voluntary Liquidation Creditors Voluntary Liquidation occurs when a business’s directors decide to put the business into liquidation because it is insolvent. Although it is voluntary it is often the result of pressure from external parties such as creditors or professional advisors. A CVL is used when a company is insolvent and cannot pay its - [Members Voluntary Liquidation MVL](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/members-voluntary-liquidation-mvl/) - Members Voluntary Liquidation A Members Voluntary Liquidation (otherwise known as a Solvent Liquidation) is used when a company is solvent and does have the ability to pay its liabilities in full, along with statutory interest and the costs involved with winding up the company. An MVL can be used when a company has come to - [Business Rescue, Company Liquidation and Insolvency](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/) - When your business is facing difficult financial issues, it is easy to become overwhelmed and disheartened about what to do next. That is why it is important to get the support of experienced advisers who can be there to talk through all matters of business debt and business insolvency, leading to business recovery and even - [Commercial Finance - An option to consider for company rescue](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/commercial-finance-an-option-to-consider-for-company-rescue/) - Commercial Finance Our advice team has maintained a close and long professional relationship with independent lenders who help businesses who need finance. As a result, we are able to assist with your particular requests and select a lender most likely to help in your situation. Whether you are setting up a new business, buying an - [Company Voluntary Arrangement - A rescue option for company in debt](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/company-voluntary-arrangement-a-rescue-option-for-company-in-debt/) - Company Voluntary Arrangement Often referred to as a CVA, a Company Voluntary Arrangement is an insolvency procedure that can be used by a company with significant business debt. A CVA creates a binding agreement with creditors regarding the payment of debt, either in its entirety or over an agreed period of time. The process can - [Voluntary Liquidation - Company Debt Advice](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/voluntary-liquidation-company-debt-advice/) - Voluntary Liquidation Voluntary Liquidation is the process in which the directors of a company decide to halt company operations and close the business due to overwhelming business debt. The act of liquidation is carried out with the assistance of an insolvency practitioner and is a process voted upon and commenced by the directors of a - [Residential Conference Centre Company Rescue](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/residential-conference-centre-company-rescue/) - Residential Conference Centre A Residential Conference Centre based in the Midlands, this client had up to 20 staff and specialised in providing conference and banqueting facilities. They were making healthy profits until 2008 and the recession began making its impact. This had a series of negative effects for the business because their clients began making - [Market Research Company Pre Pack Administration](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/market-research-company-pre-pack-administration/) - Market Research Company Pre Pack Administration This client was a market research company that is based in London and has overseas subsidiaries. With two directors and 12 full time employees the business soon found itself undercapitalised due to overextension of finances, leading to underperforming and little to no visibility of turnover. This led to discord - [A Fresh Start for a limited company in debt](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/a-fresh-start-for-a-limited-company-in-debt/) - A Fresh Start When faced with overwhelming and complicated financial difficulties, many companies may find it easier to start again. Commonly known ‘a fresh start’, this allows companies to completely restart their business. It can be bewildering enough dealing with company liquidation, without having to worry about dealing with all of the requirements for setting - [Advice For Directors](https://www.insolvencyhelpline.co.uk/business-rescue-company-liquidation-and-insolvency/advice-for-directors-on-company-debt/) - Advice For Directors Company directors are responsible for understanding all legal obligations and responsibilities associated with business finances and operations, and as such could be found personally liable for debts under civil and criminal law. When a business director is in doubt of a company’s financial viability and insolvency may on the horizon, they are - [Save Your Company](https://www.insolvencyhelpline.co.uk/insolvency/save-your-company/) - Every year, tens of thousands of businesses experience severe debt problems with thousands entering liquidation.However, liquidation is a last resort and alternative options should be sought in order to ensure that the all available options are assessed before big decisions are made. Getting the right company rescue advice could be the difference between a business - [guides for directors](https://www.insolvencyhelpline.co.uk/guides-for-directors/) - Building Consumer Confidence is an informed way to offer a complete ecommerce solution Cash Flow Finance – An Overview Considerations to take on board when becoming a sole trader Considerations to take on board when forming a partnership Creating an agreed working relationship between you and your employee Credit Sales & Company Cash Flow Danger - [Winding up petition](https://www.insolvencyhelpline.co.uk/browse-by-topic/winding-up-petition/) - Suppliers and investors will often try to recover their debt by issuing a claim, but it’s possible to issue a winding up petition against a company or bankruptcy petition against an individual. Bankruptcy and winding up may also be used to force a judgement once a claim has been won, as a means of recovering - [Trading Out](https://www.insolvencyhelpline.co.uk/browse-by-topic/trading-out/) - Cash flow problems can affect companies of all sizes, but for a large proportion of these businesses, it comes and goes in phases. A downturn in business profitability is often just a temporary issue, and in such circumstances, trading out is the best way forward. If you're struggling with the decision of whether trading out - [Voluntary liquidation](https://www.insolvencyhelpline.co.uk/browse-by-topic/voluntary-liquidation/) - Voluntary Liquidation Voluntary Liquidation is when the Directors and Shareholders of the company voluntarily decide to wind up the company because it is unable to pay its debts and it doesn't have sufficient assets to cover their debts. Voluntary liquidation is a quick way for a Business which feels it can no longer continue trading - [Business rescue](https://www.insolvencyhelpline.co.uk/business-rescue/) - Company Rescue Advice Every year, tens of thousands of businesses experience severe debt problems with thousands entering liquidation.However, liquidation is a last resort and alternative options should be sought in order to ensure that the all available options are assessed before big decisions are made. Getting the right company rescue advice could be the difference - [Voluntary liquidation](https://www.insolvencyhelpline.co.uk/voluntary-liquidation-2/) - Voluntary Liquidation is when the Directors and Shareholders of the company voluntarily decide to wind up the company because it is unable to pay its debts and it doesn't have sufficient assets to cover their debts. Voluntary liquidation is a quick way for a Business which feels it can no longer continue trading to settle - [Terms & Conditions](https://www.insolvencyhelpline.co.uk/about-us/terms-conditions/) - This website has been written and intended for registered limited companies in the UK only. The site contains general information and resources for limited companies only in financial trouble. Insolvency Helpline work only work with limited companies to offer solutions for their business debt problems. Insolvency Helpline cannot offer help or advice any other entity - [Privacy Policy](https://www.insolvencyhelpline.co.uk/about-us/privacy-policy/) - The Insolvency Helpline observes the highest standards of practice in all its activities and treats all the personal information it collects in strict compliance with the Data Protection Act 1998 (the 'Act'). We will treat all your personal information as private and confidential. None of your personal information you disclose to us will be disclosed - [Insolvency practitioners](https://www.insolvencyhelpline.co.uk/about-us/insolvency-practitioners-2/) - Our approved panel of trained professionals, which includes licensed Insolvency Practitioners can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. Where a formal insolvency process is the only solution we can advise on the most appropriate route to follow. This could mean exploring options such as company - [Commercial finance](https://www.insolvencyhelpline.co.uk/commercial-finance/) - All businesses need a helping hand in the finance department at one stage or another. 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Hundreds of thousands of businesses have requested time to pay arrangements from HMRC to help with their - [Help with tax arrears](https://www.insolvencyhelpline.co.uk/help-with-tax-arrears/) - If you're struggling to make payments on your tax debt, you may find yourself needing help with tax arrears. When you receive a bill from HM Revenue and Customs (HMRC) and your company's financial situation is such that you can't meet the necessary payments, you contact them as soon as possible to make arrangements. Communication - [Help with tax problems](https://www.insolvencyhelpline.co.uk/help-with-tax-problems/) - Tax problems can strike businesses of all sizes. If you find that you are struggling to meet your business tax demands, you'll need to take the right steps to ensure that your business can continue without the threat of bailiffs. It may be easiest to just ignore the problems and hope they'll go away, but - [Can't pay wages](https://www.insolvencyhelpline.co.uk/cant-pay-wages/) - Many companies experience trouble when trying to make their finances break even every month, so if your business is struggling, you're not alone. Any business that is struggling to pay wages will need to find a remedy as soon as possible, as unhappy employees will result in a massive drop in productivity. Poor cash flow - [Corporate Rescue](https://www.insolvencyhelpline.co.uk/corporate-rescue/) - We are experts in Corporate Rescue Our aim is to rescue the company as a going concern. We are experts in corporate rescue with over 10 years of experience. Our corporate rescue and insolvency experts offers analysis and solutions on all areas of insolvency and restructuring law to enable company directors a route to business - [Corporate recovery](https://www.insolvencyhelpline.co.uk/corporate-recovery/) - Most companies will go through a period of difficulty at one stage or another, so if you're unfortunate enough to see a prolonged slump in sales or struggle due to market influences, you may have to consider some form of corporate recovery. Corporate recovery options can help businesses, directors and shareholders to overcome whatever difficulties - [HMRC enforcement](https://www.insolvencyhelpline.co.uk/hmrc-enforcement/) - The market for your business can change in an instant, and as such, it's very easy to enter into a slump of financial difficulty. Finding the cash to pay your creditors may be hard enough, but when you can't find the funds to pay for your HMRC payments, matters become very serious and the future - [CVA](https://www.insolvencyhelpline.co.uk/cva-2/) - A CVA is a Company Voluntary Arrangement with its creditors, which allows the business to pay its debts off over time whilst turning its business around. In most cases a businesses creditors do support businesses choosing to enter a CVA as the other option is simply to liquidate the business in which case the creditors - [Refinance your company](https://www.insolvencyhelpline.co.uk/refinance-your-company/) - Struggling to meet loan repayments each month may give you cause to consider refinancing your company. If refinancing is done in a clear and considered way, refinancing could provide your business with the necessary funds to allow the breathing space to operate, without terms that strangle all life out of its profitability. One of the - [Invoice discounting](https://www.insolvencyhelpline.co.uk/invoice-discounting/) - Invoice discounting is a type of business finance known as Invoice Finance. Invoice Finance is a business finance option which allows you to borrow the cash that you have already earned which is tied up in your sales ledger. What is Invoice discounting? Invoice discounting releases the cash tied up in your unpaid invoices, often - [Advice for directors](https://www.insolvencyhelpline.co.uk/advice-for-directors/) - When you start your own company you may be needed some advice to help you through the initial stages, especially if it’s your first business. You should be aware that there are some primary steps that need to be taken when setting up a new company. Becoming a Company Director If you choose to form - [Business Debt Advice](https://www.insolvencyhelpline.co.uk/579-2/) - Business debt is common amongst thousands of businesses throughout the United Kingdom, so if your business is struggling financially, don't worry; help is available. If you're seeking help for your debt problems, there are some simple steps that you can take first. Getting Business Debt Help First and foremost, do the following: Work Out Debt. Gather - [Company strike off](https://www.insolvencyhelpline.co.uk/browse-by-topic/company-strike-off/) - Every year, thousands of businesses are struck off the Companies House register, both by voluntary and enforced means. Striking off refers to the process of removing a company's name from the Companies House official register. Once this process is complete, the company name then becomes available for incorporation by a new company. Getting Struck Off - [Receivership](https://www.insolvencyhelpline.co.uk/browse-by-topic/receivership/) - What is Company Receivership? When financial difficulties hit your company, you need to take a serious look at the long term viability of your business. This may require a restructuring of the business model, trimming unnecessary expenditure, selling equipment, reducing stock or changing the direction of the business to meet the changing market demands. Restructuring - [Company Dissolution](https://www.insolvencyhelpline.co.uk/browse-by-topic/company-dissolution/) - Every year, thousands of businesses enter into financial difficulty and are forced into company dissolution. Entering into company dissolution results in your business being removed from the Companies House register and is also referred to as voluntary dissolution. - [Administration](https://www.insolvencyhelpline.co.uk/browse-by-topic/administration/) - Thousands of business owners experience severe difficulties in their financial position and fear that their company may be heading towards administration. Businesses are often experiencing no financial difficulties at all, but if a main customer experiences financial difficulty, with the prospect of administration looming, the knock-on effect can be crippling to your company. What is - [Members liquidation](https://www.insolvencyhelpline.co.uk/browse-by-topic/members-liquidation/) - Members Liquidation which is also know as Members Voluntary Liquidation is the winding up and liquidating of a company that is actually solvent. This means that the business has assets to cover its debts. As the business is solvent its decision to liquidate is a voluntary one. Businesses usually decide to enter Members Liquidation in - [Pre-pack Administration](https://www.insolvencyhelpline.co.uk/browse-by-topic/pre-pack-administration/) - Prepack Administration is when an insolvent business is sold prior to going into administration or liquidation, in order that the business can keep trading. The insolvent business can be sold to a 'phoenix' company, that is a business that has been set up by the existing directors before going into administration, or a third party. - [Compulsory Liquidation](https://www.insolvencyhelpline.co.uk/browse-by-topic/compulsory-liquidation/) - Compulsory Liquidation is when a company's creditors apply to a court to wind up a business because it cannot pay off its debts. Creditors will not make this decision lightly and normally will only proceed down this route if they feel there is no other way that they will get their money back. This option - [Services to Law Firms](https://www.insolvencyhelpline.co.uk/about-us/services-to-law-firms/) - As lawyers, you will want your clients to receive the same high quality advice and first class service from all their professional advisers. We have a long standing reputation for working alongside law firms to deliver a service to their clients that meets their expectations in a professional manner that in turn, improves their client - [Services To Accountants](https://www.insolvencyhelpline.co.uk/about-us/services-to-accountants/) - As accountants, you will want your clients to receive the same high quality advice and first class service from all their professional advisers. In many situations, timely advice and action can save a clients business. Your clients will be responded to quickly and professionally by a dedicated case manager. Your introductions will be handled with care - [Chartered Accountants](https://www.insolvencyhelpline.co.uk/about-us/chartered-accountants/) - Our approved panel of trained professionals, which includes trained and qualified chartered accountants can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. Where a formal insolvency process is the only solution we can advise on the most appropriate route to follow. This could mean exploring options such - [Insolvency practitioners](https://www.insolvencyhelpline.co.uk/about-us/insolvency-practitioners/) - Our approved panel of trained professionals, which includes licensed Insolvency Practitioners can help you identify the cause of your problems and recommend solutions to improve profitability and cashflow. Where a formal insolvency process is the only solution we can advise on the most appropriate route to follow. This could mean exploring options such as company - [Media Room / Press Office](https://www.insolvencyhelpline.co.uk/about-us/media-room-press-office/) - Press and media enquiries Welcome to the Press Office, our dedicated resource for journalists where you can find all of our latest Press Releases, Facts, Figures and Images as well as being able to download broadcast and web footage. Call the press office for expert comment, statistics and case studies on: Company Turnaround and informal - [Website feedback](https://www.insolvencyhelpline.co.uk/about-us/website-feedback/) - The web team manages and publishes the services public website and is responsible for the overall strategy of the internal and external communications on the web. It is our job to ensure that the corporate website is comprehensive, user-friendly, and accessible. We also provide central support and guidance for staff and partner organisations in the - [HMRC 'Time to Pay' advice](https://www.insolvencyhelpline.co.uk/hmrc-time-to-pay-advice/) - It's easy to find yourself in HMRC arrears, and is often a sign that you personal or business situation is experiencing a period of difficulty. Since 2008, businesses have been given unexpected levels of support through difficult times by HMRC. HMRC has been working hard to support businesses in recent years, agreeing to £3.1bn in - [Company Tax Problems](https://www.insolvencyhelpline.co.uk/company-tax-problems/) - Many companies experience tax problems every year, with thousands just struggling to meet payments.Tax arrears for unpaid taxes can soon mount up and can grow for a variety of reasons. Why do Tax Problems Arise? Tax problems can arise for many reasons, but usually occur because of cash flow difficulties. When financial commitments to pay - [VAT Tax Debts](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/vat-tax-debts/) - There are a number of reasons for ending up with a VAT problem. For the purposes of this article we are going to deal with the problems caused by financial strain. However, some of the other causes - e.g. failure to submit a return may involve some of the same solutions. VAT is normally payable - [PAYE Tax Arrears](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/paye-tax-arrears/) - PAYE tax needs to be paid monthly or for the smaller business quarterly. The HMRC may conclude from failure to make payments that the company is insolvent. This can be a significant sum if the business employs many staff and the arrears cover two or more payments. Failure to discuss this with the HMRC will - [Tax payment plans](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/tax-payment-plans/) - Making tax payments can be difficult to keep track of. All those who have made a self assessment for their tax contributions will be fully aware of how difficult and complicated it can be to budget for once or twice yearly tax payments. Since January 2009, HMRC have had a fully operational central database which - [Invoice finance](https://www.insolvencyhelpline.co.uk/company-finance/invoice-finance/) - Invoice finance, is a business finance option that is gaining popularity in the business world because of its flexibility. Invoice finance includes factoring and discounting and is in effect a revolving loan, because you borrow money against invoices which are then paid off which allows you to continue to borrow against new invoices. Invoice finance, - [Invoice Discounting](https://www.insolvencyhelpline.co.uk/company-finance/invoice-discounting/) - Invoice discounting is a type of business finance known as Invoice Finance. Invoice Finance is a business finance option which allows you to borrow the cash that you have already earned which is tied up in your sales ledger. What is Invoice discounting? Invoice discounting releases the cash tied up in your unpaid invoices, often - [Company Rescue Advice](https://www.insolvencyhelpline.co.uk/company-rescue/company-rescue-advice/) - Every year, tens of thousands of businesses experience severe debt problems with thousands entering liquidation. However, liquidation is a last resort and alternative options should be sought in order to ensure that the all available options are assessed before big decisions are made. Getting the right company rescue advice could be the difference between a - [Company Rescue Advice](https://www.insolvencyhelpline.co.uk/company-rescue-advice/) - Every year, tens of thousands of businesses experience severe debt problems with thousands entering liquidation.However, liquidation is a last resort and alternative options should be sought in order to ensure that the all available options are assessed before big decisions are made. Getting the right company rescue advice could be the difference between a business - [Company debt advice](https://www.insolvencyhelpline.co.uk/browse-by-topic/company-debt-advice/) - If you own a business or run a business that is in debt and you are unsure if you can meet the repayment terms of the debt, then you should consider taking company debt advice now. So what would be included in any advice? The advisor would need to understand the extent of the business - [Business debt advice](https://www.insolvencyhelpline.co.uk/browse-by-topic/business-debt-advice/) - Business debt advice Business debt is common amongst thousands of businesses throughout the United Kingdom, so if your business is struggling financially, don't worry; help is available. If you're seeking help for your debt problems, there are some simple steps that you can take first. Getting Business Debt Help First and foremost, do the following: - [Member's liquidation](https://www.insolvencyhelpline.co.uk/members-liquidation/) - Member's liquidation Members Liquidation which is also know as Members Voluntary Liquidation is the winding up and liquidating of a company that is actually solvent. This means that the business has assets to cover its debts. As the business is solvent its decision to liquidate is a voluntary one. Businesses usually decide to enter Members - [VAT debt advice](https://www.insolvencyhelpline.co.uk/vat-debt-advice/) - VAT Tax Debt There are a number of reasons for ending up with a VAT problem. For the purposes of this article we are going to deal with the problems caused by financial strain. However, some of the other causes - e.g. failure to submit a return may involve some of the same solutions. VAT - [HMRC tax arrears](https://www.insolvencyhelpline.co.uk/hmrc-tax-arrears/) - HMRC Tax Arrears Thousands of businesses struggle to meet their tax debt repayments every year, so if you find your business is in difficulty and you can't raise the necessary funds, don't worry; you're not alone. If you believe that you have been charged the wrong amount in tax, you should contact the tax office - [Company restarts](https://www.insolvencyhelpline.co.uk/company-restarts/) - Company Restarts Businesses may need to restart for a myriad of reasons, so whether it's the economy, life changes or unforeseen circumstances, you may find your company in a similar position. Such factors could cause your business to slow or even close. Following such a situation, you may need to reopen your company and restart - [Close Your Company](https://www.insolvencyhelpline.co.uk/insolvency/close-your-company/) - Liquidation What is business insolvency? Business insolvency occurs when a business is unable to pay off its debts. This can either be because the business is cash flow insolvent or balance sheet insolvent. A business that is cash flow insolvent is unable to pay its debts when they are due and a business that is - [Business Continuity](https://www.insolvencyhelpline.co.uk/company-debt-advice/business-continuity/) - When faced with debt problems or crises - one obvious route to explore is continuing the business and trade out of the problems without seeking protection for creditors in the form of insolvency prepack administration or a company voluntary arrangement; or a creditor's voluntary arrangement. The benefit of a business continuity plan is that there - [Business Recovery](https://www.insolvencyhelpline.co.uk/company-debt-advice/business-recovery/) - Businesses can often arrive at a point where business recovery is required - there are a number of possible options. Until all the facts are established it is difficult to give positive advice about the right course of action. A key question is whether the fundamental business proposition is sound or the business can be - [Invoice finance](https://www.insolvencyhelpline.co.uk/invoice-finance/) - Invoice Finance Invoice finance, is a business finance option that is gaining popularity in the business world because of its flexibility. Invoice finance includes factoring and discounting and is in effect a revolving loan, because you borrow money against invoices which are then paid off which allows you to continue to borrow against new invoices. - [Debt warning signs](https://www.insolvencyhelpline.co.uk/company-debt-advice/debt-warning-signs/) - issues. This is a general list and so some of the signs may not be relevant to your business. Read through the list and if you are unsure, or have a question, or realise you have some debt issues give us a ring or fill in the contact form and one of our representatives will - [Company Insolvency](https://www.insolvencyhelpline.co.uk/company-debt-advice/company-insolvency/) - Company insolvency is defined within UK Insolvency Act 1986 section 123, part of which is extracted here: 123. Definition of inability to pay debts A company is deemed unable to pay its debts - [...] (e) if it is proved to the satisfaction of the court that the company is unable to pay its debts - [Asset Protection](https://www.insolvencyhelpline.co.uk/company-debt-advice/asset-protection/) - Many businesses have built up wealth over a number of years of trading and it is important to examine ways of protecting assets during difficult trading conditions. Directors have responsibilities covered by company law which is especially important during times of possible insolvency. It may be the business is not sure how long it can - [Business finance](https://www.insolvencyhelpline.co.uk/business-finance/) - What is Business Finance? If you're looking to give your company a financial boost, you may find it more difficult than first expected. Just deciding which form of finance is right for your business can be one of the most difficult decisions for your business. Making the wrong decision could leave your business struggling long - [Company Debt Options](https://www.insolvencyhelpline.co.uk/company-debt-advice/company-debt-options/) - Why should a company seek company debt options? Firstly, the business will be struggling to pay some or all of its creditors when due; or a specific creditor is taking action to recover the debt - either through county court judgement, winding up order, refusing to supply goods or services-or maybe the business knows it - [Company Debt Advice](https://www.insolvencyhelpline.co.uk/company-debt-advice/) - If you own a business or run a business that is in debt and you are unsure if you can meet the repayment terms of the debt, then you should consider taking company debt advice now. So what would be included in any advice? The advisor would need to understand the extent of the business - [Negotiate with creditors](https://www.insolvencyhelpline.co.uk/company-rescue/negotiate-with-creditors/) - Negotiating with creditors can be a daunting thing, particularly as it's almost always done when you desperately need to. Because debt will ultimately damage your financial stability, empty your bank account and seriously harm you ability to obtain any other credit, having to negotiate with creditors may seem like an impossible task. The stress that - [Starting the process](https://www.insolvencyhelpline.co.uk/liquidation/starting-the-process/) - Liquidation Liquidation is the process where a company stops trading and its assets and property are turned into cash, in order to pay off its debts. The process can either be compulsory or voluntary, and there are three types: Creditors Voluntary Liquidation is when the Directors and shareholders of the business voluntarily decide to fold - [Advantages of liquidation](https://www.insolvencyhelpline.co.uk/liquidation/advantages-of-liquidation/) - Even though liquidation is often viewed as a negative process, there are some advantages too. These include: Your debts are paid off or written off including tax liabilities As a Director you minimise the risk of wrongful trading Entering the process stops your Creditors demanding to be paid Your are taking action, so try and - [Company liquidation](https://www.insolvencyhelpline.co.uk/liquidation/company-liquidation/) - Using Licenced Insolvency Practitioners we offer a comprehensive range of company liquidation services covering Creditors Voluntary Liquidation (CVL), Members Voluntary Liquidation and advice on dealing with and halting Compulsory Liquidations. Company Liquidation Procedure Creditors Voluntary Liquidation - Creditors Voluntary Liquidation is when the Directors and shareholders of the business voluntarily decide to fold the company - [Property finance](https://www.insolvencyhelpline.co.uk/company-finance/property-finance/) - When looking for property finance, you will find plenty of lenders who would be happy to offer you advice and promote their own products and services. All lenders will offer slightly different products, services and offers and with all of this information it is not surprising that you could feel confused and overwhelmed. Professional advice - [Company loans](https://www.insolvencyhelpline.co.uk/company-finance/company-loans/) - Business Loans are a way of borrowing money, where you borrow a fixed amount of money and you repay this with an agreed timeframe. A business loan can be a great option if you need an injection of cash to start a business or make a big purchase, they can also be useful to help - [Asset finance](https://www.insolvencyhelpline.co.uk/company-finance/asset-finance/) - What is Asset Finance and how can it help a business? Asset Finance is the provision of equipment finance to all types of business. What do asset finance companies provide? Finance packages Equipment leasing Tailor made financial solution for the supply if equipment. Re-finance of equipment and assets already purchased outright Common types of Asset - [Dealing with HM Inland Revenue](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/dealing-with-hm-inland-revenue/) - Originally a separate organisation, HM Inland Revenue was merged with HM Customs and Excise to form HM Revenue and Customs. The Inland Revenue area of HM Revenue and Customs is a major department in the British government, responsible for collecting money from individuals and businesses through a variety of taxes. Some of these means include - [National Insurance (NI) debt](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/national-insurance-ni-debt/) - National Insurance (NI) is a tax that offers employees insurance against illness and unemployment and is the second largest source of income tax to middle bracket incomes in the UK. In the lead up to a child's 16th birthday, they are provided with a National Insurance (NI) number. This six digit number allows for the - [Corporation tax debts](https://www.insolvencyhelpline.co.uk/hmrc-tax-advice/corporation-tax-debts/) - Corporation Tax is tax on the taxable profits of a business; and as such is only due if a company is profitable. However, being profitable does not mean the business is cash positive which is why corporation tax debts can become a problem. Corporation tax is payable 9 months after the end of a financial - [Tax Debt Rescue](https://www.insolvencyhelpline.co.uk/company-rescue/tax-debt-rescue/) - If you're one of the thousands of individuals to experience tax debt problems every year, don't panic. Small businesses and home-based businesses are incredibly vulnerable with tax debt. Not only do small businesses have to find the time to deal with starting up and running a new businesses well enough to at least break even, - [Help for distressed businesses](https://www.insolvencyhelpline.co.uk/company-rescue/help-for-distressed-businesses/) - If you believe that your business is in trouble, the first thing you need to do is seek help. Help is available for distressed businesses, and experts are all too aware that the companies that seek support sooner are much more likely to recover. Hesitating to make changes and hoping that problems will just go - [Improve cashflow](https://www.insolvencyhelpline.co.uk/company-rescue/improve-cashflow/) - Finding ways to improve your business' cash flow, and increasing your finances without having to take on loans can be difficult. However, there are options available to improve your cash flow, allowing your business to operate with more room to breathe. Invoice Immediately: Ensuring that all invoices are processed and sent out as soon as - [Company Rescue Options](https://www.insolvencyhelpline.co.uk/company-rescue/company-rescue-options/) - If your business is experiencing financial difficulty, don’t worry; you’re not alone. Tens of thousands of businesses experience debt problems every year, of which, thousands enter a process of liquidation. That figure would almost certainly be lower if people were aware of the alternative company rescue options that are available. However, choosing the correct method - [Company Rescue](https://www.insolvencyhelpline.co.uk/company-rescue/) - Every year, tens of thousands of businesses experience severe debt problems with thousands entering liquidation.However, liquidation is a last resort and alternative options should be sought in order to ensure that the all available options are assessed before big decisions are made. Getting the right company rescue advice could be the difference between a business - [How are employees affected by a CVA?](https://www.insolvencyhelpline.co.uk/cva/how-are-employees-affected-by-a-cva/) - A Company Voluntary Arrangement (CVA) is an agreement between the company and its creditors, which allows the company to repay its debts over an agreed period of time, without fear of legal action being taken by the creditors. What happens to Employees in a CVA? The purpose of a CVA is to allow the company - [How is a CVA approved?](https://www.insolvencyhelpline.co.uk/cva/how-is-a-cva-approved/) - A CVA is a Company Voluntary Arrangement between a business and its creditors, which allows the business to repay its debts off over time whilst turning its business around. How to start a CVA proposal The CVA can either be started by the company directors or a Liquidator or Administrator, once the decision has been - [Benefits of a CVA](https://www.insolvencyhelpline.co.uk/cva/benefits-of-a-cva/) - A Company Voluntary Arrangement (CVA) is a deal between the company and its creditors, which allows the company to repay some or all of its debts over an agreed period of time, without fear of legal action being taken by the creditors. There are many benefits of using a CVA, here are just some of - [When can you use a CVA?](https://www.insolvencyhelpline.co.uk/cva/when-can-you-use-a-cva/) - A CVA is an insolvency procedure which allows business that are having financial difficulties to make an agreement with their creditors to repay all or some of their debts over an agreed period of time. The procedure can be initiated by the Directors of the business or an insolvency practitioner or administrator; it cannot be - [What is a CVA?](https://www.insolvencyhelpline.co.uk/cva/what-is-a-cva/) - A CVA is a Company Voluntary Arrangement with its creditors, which allows the business to pay its debts off over time whilst turning its business around. In most cases a businesses creditors do support businesses choosing to enter a CVA as the other option is simply to liquidate the business in which case the creditors - [Browse by topic](https://www.insolvencyhelpline.co.uk/browse-by-topic/) - [Starting the process](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/starting-the-process/) - To start the process of pre-pack administration, first the Directors of the business must decide that the business is insolvent, but that they believe the business is still viable and that it is worth selling to a third party or a phoenix company in order for it to continue trading under a new name. The - [Problems of a pre-pack?](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/problems-of-a-pre-pack/) - One of the biggest problems of pre-pack is that the creditors of the old company are left with their debts unpaid which could cause their businesses to fail or struggle also. Some people think that because Creditors are left unpaid that the process of pre-pack is unethical and that Directors are not taking responsibility for - [How does a pre-pack work?](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/how-does-a-pre-pack-work/) - Pre-Pack Administration is where an insolvent but viable business is sold to a third party or a phoenix company prior to going into administration or liquidation. By selling the company's assets before going into administration the creditors are not aware that Pre-Pack is going on and therefore the company's assets are protected whilst the sale - [Advantages of a pre-pack](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/advantages-of-a-pre-pack/) - A pre-pack is when an insolvent company's business (and/or assets) are sold prior to the company going into an administration. A pre pack is all negotiated and agreed before a Licensed Insolvency Practitioner (IP) is appointed, and is then facilitated once the IP has been formally place in office. Under the terms of a prepack - [When can you use a pre-pack?](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/when-can-you-use-a-pre-pack/) - Prepack is an insolvency process which allows an insolvent but viable business to be sold prior to administration to a third party or to a phoenix company. A phoenix company is a company set up by the directors of the failing company, and allows the company to continue trading under a new name without the - [What is pre-pack/phoenix?](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/what-is-pre-pack-phoenix/) - Prepack Administration is a relatively new insolvency process which is gaining popularity because it allows a viable but insolvent business to be sold in order that it can continue trading under a new name without the burden of its debts. Once the process of Prepack has been started the limited company is protected from action - [Pre-Pack/Phoenix](https://www.insolvencyhelpline.co.uk/pre-pack-phoenix/) - Prepack Administration is when an insolvent business is sold prior to going into administration or liquidation, in order that the business can keep trading. The insolvent business can be sold to a 'phoenix' company, that is a business that has been set up by the existing directors before going into administration, or a third party. - [Factoring](https://www.insolvencyhelpline.co.uk/factoring/) - [Possible outcomes](https://www.insolvencyhelpline.co.uk/insolvency/possible-outcomes/) - Your business is in danger of insolvency and you have called in an insolvency practitioner. A thorough professional investigation will ensue which will highlight the symptoms and determine the solution. There are 3 main outcomes which will differ dependent upon the symptoms and solutions. The outcomes are turnaround, business rescue and winding up. While all - [Closing your company](https://www.insolvencyhelpline.co.uk/insolvency/closing-your-company/) - A guide to closing your company It is advised to plan ahead if you plan to close down your company as there are a lot of factors to take into account. Please note that in many cases planning early may be impossible, in those common cases its always best to be prepared to take professional - [Saving your company](https://www.insolvencyhelpline.co.uk/insolvency/saving-your-company/) - If you feel your business may be insolvent you must immediately contact an insolvency practitioner who will investigate, determine the symptoms and advice solutions. Due to your own nearness to the business various important issues may be clouded and uncertain. Critical areas for symptoms and solutions Direction- is it a clear business plan. Are the - [Is your company insolvent?](https://www.insolvencyhelpline.co.uk/insolvency/is-your-company-insolvent/) - Your businesses may appear sound but in fact may be insolvent. One view is that a business becomes insolvent when it goes beyond the point of ever being able to meet all its liabilities when they are due, or pay all its creditors in full. Every situation is different. There are 3 main tests to - [What is Insolvency?](https://www.insolvencyhelpline.co.uk/insolvency/what-is-insolvency/) - You are insolvent if you cannot pay debts when they become due (either now or future debts). This is known as cash flow insolvency. You are insolvent if your assets are worth less than your total liabilities (balance sheet basis). This is known as balance sheet insolvency). If you feel your company is becoming insolvent - [Accessibility](https://www.insolvencyhelpline.co.uk/accessibility/) - [Our Services](https://www.insolvencyhelpline.co.uk/our-services/) - The company was established with the remit to look at meeting a long-standing need for company insolvency and rescue advice in the UK. The service is a UK based corporate recovery and turnaround consultancy offering advice to companies' financial problems. The dedicated aim of the service is to provide companies with a caring, professional hands