At Parker Andrews, we are fully experienced in dealing with the more complex cases that approach us. No two cases of business insolvency are ever the same, so we are comfortable dealing with the cases that emerge as they emerge. Our Experienced team have helped thousands of Directors and Shareholders in all varieties of industry. We are confident we will have a strategy that will suit your needs regardless of the complexity of the situation.
Insolvency on a Larger Scale
One of the factors that can make an immediate difference to the difficulty in dealing with particular cases of business insolvency is the scale of bad debt and creditors that a business might have. One of our most notable cases saw a company with creditors in excess of £350,000 and a high level of bad debt that stretched to £150,000 in the year leading up to their administration. This resulted in cash flow and profit margins being compromised.
Due to our detailed and thorough approach, Parker Andrews were able to alleviate the pressure on the directors immediately, and find a long term solution that worked to the benefit of the managers and employees in the business.
With all business insolvency cases, it is important to consider the legalities of taking any positive action, whether in liquidating a business or seeking a new owner. We have often encountered cases in which particularly legalities stand in the way of a preferred action. In one particular case, a specialist contractor was looking to retire after trading for approximately 20 years, but had concerns regarding the legal and tax implications of striking off a company at Companies House.
Parker Andrews have the expertise and knowledge to allay any fears of legalities surrounding their insolvency case.
At Parker Andrews, we pride ourselves on providing a professional service of business insolvency to help any set of circumstances.