Insolvency Practitioners and Business Rescue
Insolvency Practitioners can help steer your business through financial difficulties
Insolvency Practitioners are able to advise on all aspects of both personal and business insolvency services. However, what can be missed is the work that some insolvency professionals do in steering a business through financial difficulties without needing to use a formal insolvency process.
Working with qualified professionals reduces the risk of directors and business owners taking steps that they could later be criticised for or risk having to take personal financial responsibility for.
Insolvency and rescue advice
The insolvency and rescue support on BusinessSupport.co.uk is provided by F A Simms & Partners a firm of Licensed Insolvency Practitioners and Business Rescue Specialists with a long standing reputation for delivering the right solution, at the right time and for the right price.
Established for over 40 years, you’ll find us understanding when listening and both commercial and sensitive when advising.
You will find that our approach is not one of drama and fear but an understandable explanation of the business rescue or insolvency solutions available to you. It will ultimately be your decision as to which solution is best for your business or personal circumstances.
Please do take the time to have a look around the site as it will form a useful base in establishing your wider understanding of some of the key issues involved in insolvency solutions. We’ve tried to make the site as easy to follow as possible and this will allow you to start to understand the insolvency solutions available to you for your unique position.
There is, of course, no substitute for spoken advice or face to face meetings so do feel free to contact BusinessSupport.co.uk for a friendly chat about insolvency advice or to arrange a meeting.
Rescue and insolvency advice for businesses
Whether you are a company director, self-employed or part of a partnership, Insolvency advice from BusinessSupport.co.uk takes a transparent approach. Our role is one of education and understanding as we explain the options available to you and apply the legislation to your unique circumstances.
Our Insolvency advice is based on both our training and experience, linked with an excellent knowledge of developing legislation and best practice.
Insolvency Practitioners and business rescue
Insolvency Practitioners are able to advise on all aspects of both personal and business insolvency services. What can be missed is the work that insolvency professionals do in steering a business through financial difficulties without needing to use a formal insolvency process.
Working with qualified professionals reduces the risk of directors and business owners taking steps that they could later be criticised for or have to take personal financial responsibility for.
Insolvency services from Insolvency Practitioners
Insolvency remains a part of modern day society in both personal and business life. Thankfully long gone are debtor prisons or other more painful punishments!
Insolvency services delivered by Insolvency Practitioners provide a legal and practical solution to an often stressful problem which can be caused by a wide range of circumstances. Many of these circumstances are beyond the control of the individuals or business owners involved.
Advice for company shareholders – company insolvency
The financial position for company shareholders is weakened significantly once a formal insolvency process is put in place. The company shareholders will be the last to be paid from any distribution of assets from the company.
It is not uncommon for company shareholders in a private business to have invested their own money into the company by way of a loan in addition to buying shares.
Attempts to repay company shareholders loans at a time when the company is insolvent is likely to be a preference payment which could be required to be repaid once the company moves into a company insolvency process.