If your company has run out of cash or is close to running out of cash, we’ll review your circumstances, produce an options report and provide practical advice on what to do next. Our aim is always business recovery so we’ll try to help you save your business from insolvency.

We can work with you to review the issues affecting your company before producing an options report focused on restructuring and turnaround, or other options. We’ll determine ways to turn around or transform your business, for example through working capital improvements, engagement with creditors, debt restructuring and resolving business-critical issues. We will then support you in implementing your chosen option.

As a last resort, we can provide specialist insolvency advice and support through this difficult time. We can help with Company Voluntary Arrangements (CVAs), administrations, business sales and Creditors’ Voluntary Liquidations (CVLs). When necessary, we can also provide specialist advice on winding up your company through insolvent liquidation.

If you have a solvent company that has reached the end of its useful life, our team can help you with a Members’ Voluntary Liquidation (MVL). We’ll work with you to wind up your solvent company in the most tax-efficient way, subject to legislation. We can either work with your own tax advisers or the in-house team at Evelyn Partners.

Restructuring is often an excellent way to save a business. By making changes to how the business operates or its financial or legal structures, it is possible to achieve significant efficiencies and increase profits. Unfortunately, company directors often leave it too late so if your company is facing financial difficulty, do seek professional advice on restructuring as early as possible.

An insolvency practitioner is a qualified, experienced person who is licenced and authorised to act on behalf of an individual or company that is insolvent or facing financial difficulties. Companies approach insolvency practitioners for help and, as well as taking responsibility for liquidating a company or putting it into administration, insolvency practitioners can also help rescue companies and set them on the path to recovery. The earlier you seek advice from an insolvency practitioner, the more options you have.

Yes, insolvency practitioners are regulated. They need an insolvency licence issued annually by a regulator (known as a Recognised Professional Body) to operate. The regulator monitors the work of insolvency practitioners, making sure they are working in a professional manner and complying with statutory duties. Insolvency in the UK is governed by the Insolvency Act 1986.

An insolvency practitioner is a qualified, experienced person who is licenced and authorised to act on behalf of an individual or company that is insolvent or facing financial difficulties. Companies approach insolvency practitioners for help and, as well as taking responsibility for liquidating a company or putting it into administration, insolvency practitioners can also help rescue companies and set them on the path to recovery. The earlier you seek advice from an insolvency practitioner, the more options you have.

Restructuring is often an excellent way to save a business. By making changes to how the business operates or its financial or legal structures, it is possible to achieve significant efficiencies and increase profits. Unfortunately, company directors often leave it too late so if your company is facing financial difficulty, do seek professional advice on restructuring as early as possible.