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Experts In Business Recovery
What Our Clients Say
“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”
“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”
“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”
“Polite, knowledgeable, professional and courteous”
“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”
“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”
“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”
“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”
“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”
“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”
What Our Clients Say
“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”
“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”
“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”
“Polite, knowledgeable, professional and courteous”
“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”
“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”
“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”
“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”
“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”
“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”
Received a Winding Up Petition
Independent advice tailored to you
Claim on average £12,000 redundancy
Our advice could stop creditor action
Experienced in stopping court Action
Offering free director advice
Next day face to face meeting if required
Don’t want to be published in the paper? Let us help
We could prevent your bank account being frozen
Let the experts help prevent your company from closing
We deal with all court documents on your behalf
Call us in confidence on 0800 0465 600
What shall I do if I receive a winding up petition?
If a winding up petition has been received the very first step to be taken is a thorough financial review of your company. It is important to understand whether you still have a viable business or if it has the potential to be restructured. This will then allow you to decide the most realistic outcome when dealing with the petition. Simply paying the petitioning creditor without a business review is not advised as this payment could be investigated by a Liquidator or Administrator if the business went into insolvency in the future and could have severe consequences on the Directors.
Where the company is no longer viable an experienced Insolvency Practitioner will be able to advise you of all of your options whilst considering the best interests for creditors. You might be able to restructure your business debts through a Company Voluntary Arrangement (CVA), restructure the business through an Administration or have more control in closing the business through a Creditors Voluntary Liquidation.
Can I deal with the petition myself?
You could deal with it yourself but if you act incorrectly or you do nothing, this could end up in the Court granting a Compulsory Winding Up Order where your company will be placed into Compulsory Liquidation. The Official Receiver will be appointed and your business will cease trading and all employees will be made redundant. In this instance you will have very little or no say in what happens to your business.
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What other options do I have if I receive a petition?
Negotiating with the petitioning creditor is a possibility but the chances of a positive outcome are small as a creditor usually petitions to wind up a company as a last resort. If the petitioning creditor does not agree to withdraw the petition then your defense with any supporting evidence should be lodged in court at least five days before the hearing. You are advised to seek legal advice prior to submitting any documents to court.
A winding up petition could be defended or dealt with efficiently on your behalf, check the potential solutions on our website and do not hesitate in contacting us today for free advice on 0800 0465 600.
Obtain your free online liquidation quote:
Free Online Liquidation QuoteAlternatively speak to our team on 0800 0465 605
There are many ways in which debt can affect a business. Lines of credit from suppliers are the lifeblood of most businesses as it allows them to purchase the required stock that they otherwise wouldn’t have been able to. If these were to cease it could have a devastating impact on production and subsequently profit.
Speak to me directly for free advice on 0800 0465 600
Andrew RyderFree Telephone Advice
Contact us today for free insolvency advice and information on our services:
+44 (0)800 0465 600
Mon-Fri: 8am-8pm
Redundancy Calculator
try our online calculator to see if you are eligible for a redundancy claim between £7000- £12,000.
Contact our team today on 0800 0465 600
Case Studies
Manufacturing
Manufacturing Mr B – Northern Ireland. The Company was a small manufacturing business incorporated in 2010. The company was profitable with staff numbers increasing with six employees working at the company in its height of trade. Contact our Insolvency Specialists...
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Construction
Construction Mr H – Manchester. The company was incorporated in 2007 and the initial start-up costs were funded by the Director in hope that these will be repaid once the company became successful. Contact our Insolvency Specialists for Free Advice Today Make Your...
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Hospitality
Hospitality Mr B – Hartlepool. The company was incorporated in 2016 by the director and the start-up costs were self-funded by the Director. The Company ran a public house in the town centre of Hartlepool and relied on the Directors contacts within the industry such...
read moreAbout Us
What makes us different is our friendly and empathetic approach. Our team of experts, combined, have over 50 years’ insolvency industry experience. That’s why we genuinely understand the impact that insolvency can have not just on individuals, but on their families.
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