We are fully licensed Insolvency Practitioners, based in London, providing a nationwide service for small business directors. After being formally instructed as liquidators of a limited company, our primary role is to protect creditors. In many cases we can also offer advice to company directors who are worried about potential personal liability.
If your company is in financial distress, you might be exploring whether to bring in an insolvency practitioner. We are always happy to have an initial free, confidential chat with worried business owners. Please do get in contact.
As with all professional services, not all Insolvency Practitioners are the same. It’s always important to check the level of experience of any IP you decide to instruct and their experience with businesses of your type and size.
Our Specialist Insolvency Practitioners
Our Insolvency Practitioners are all highly experienced and fully licensed. We are generally instructed and specialise in working with smaller businesses and company directors. Our insolvency servcies include :-
- Voluntary liquidations
- Company administration
- Company Voluntary Arrangements
- Advice for company directors
- Business rescue
- Advising where creditors are threatening compulsory liquidation
- Dealing with HMRC
Please do contact us to find out more about us and decide whether we are the right choice for you.
What Powers do Insolvency Practitioners Have?
Although the role differs slightly depending on the particular type of procedure, an insolvency practitioner’s first goal is to protect the interests of creditors. The basic duties are to realise company assets for the benefit of creditors and supervise the winding up of the company.
The role typically involve a number of tasks, including dealing with creditors or, in the case of a business rescue procedure such as administration, offering advice as to how the company may avoid liquidation.
An IP formally appointed as company liquidator has a legal duty to examine the activities of the company directors to check for the possibility of wrongful or fraudulent activity.
A licensed insolvency practitioner must be appointed on the following types of business insolvency:
How Much Do Insolvency Practitioners Cost?
IP’s are paid either as a fixed fee, on an hourly rate, or as a percentage of the money raised to pay creditors what they are owed.
A typical cost for the liquidation of a small business would be between £4,000.00-7,000.00 plus VAT.
