Administration
Appointing an Administrator can protect the company from creditor action while a rescue plan is formulated and trading continues where viable.
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Company debt options
Clear routes through company financial pressure
We take time to understand what has happened, explain the available processes, and identify the information needed for the next decision.
Not sure which route applies?
Talk through the circumstances with our team.
Six established routes
Compare the starting points
Each process has distinct eligibility, control and outcome implications. Select a route for reviewed detail, or contact us if the starting point is unclear.
Pre-Packaged Administration
The valuation is obtained and the price, funding and contracts are agreed before the administrator is appointed, so the sale completes on the day of the appointment. A viable business carries on trading under new ownership, keeping its customers, the contracts it takes on and as many jobs as possible, while the administrator deals with the old company and its debts.
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Creditors’ Voluntary Liquidation (CVL)
A Creditors’ Voluntary Liquidation may be considered when a company cannot pay its debts. An appointed liquidator then deals with the winding-up process.
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Members’ Voluntary Liquidation (MVL)
A Members’ Voluntary Liquidation is a formal process for winding up a solvent company. Any surplus may be distributed after debts and costs have been dealt with.
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Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement is a formal proposal to creditors. If approved and complied with, it may allow a viable company to continue trading while meeting the arrangement’s agreed terms.
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Turnaround Advice
Turnaround advice starts with the company’s current financial and operational position, then considers practical measures, funding needs, stakeholder engagement, and whether a formal insolvency process also needs to be assessed.
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Understand the position
Bring current cashflow, creditor pressure, assets, employees and any deadlines.
02
Compare implications
Consider control, trading, creditor and director implications rather than selecting by name alone.
03
Agree the next step
Identify what information or professional appointment is needed next.
Anthony Fisher FIPA, FABRP is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Focus Insolvency Group is a trading style of Debtfocus Business Recovery & Insolvency Ltd, registered in England and Wales, company number 06831646.
Talk through the available routes
Call 01257 257035 or email [email protected].