Worried About Your Limited Company?
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”
Company Administration
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
We could give you a fresh start
Open a new company and trade with no debt
Gain back control of your business today!
Call us in confidence on 0800 0465 600
What is company Administration?
An Administration is a very powerful Insolvency procedure for insolvent companies. It protects the company from its creditors and prevents them from applying to wind the company up during the administration.
Why would a business enter Administration?
Administration gives the company the breathing space in order for the Directors and the Insolvency Practitioner to formulate a plan to attempt to save some or all of the business. Usually, administration is used to help save employees from losing their jobs. It can also mean that the company doesn’t have to pay all its debts in full.
Does an administration guarantee the rescue of a company?
If the Administrator, who must be an Insolvency Practitioner, cannot rescue the business thou then a sale of the business as a whole or its assets may take place. The company may however still ultimately end up being liquidated.
How to enter your company into Administration
You must appoint a licensed Insolvency Practitioner. From the date of the appointment you must hand over all control of the company and its assets to the Administrator. They then have eight weeks in which to formulate a proposal which will confirm how they intend to deal with the company for the benefit of the company’s creditors. The usual proposal put forward by an Administrator are;
- Sell the business assets under a Creditors Voluntary Liquidation to pay the creditors
- Keep trading the company under a Company Voluntary arrangement (CVA)
- Close the business as there is nothing to sell
- To sell the company as a ‘going concern’ to another entity ensuring the continuation of any contracts, orders and retaining the workforce.
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Advantages of going into Administration
- Legal action against the company is suspended
- Restructuring of the business can take place
- Maximum return provided to the creditors
Disadvantages of going into Administration
- Directors lose control of the company
- Creditor awareness due to publicity could affect trading
- A creditor may have the ability to appoint their own Administrator
Company administration could be the key to protecting your business in this difficult time. To discus in confidence contact our professional team today 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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