Horsham – Bristol – Gloucester
Horsham – Bristol – Gloucester
Liquidators are incentivised to make
claims on Directors personally…
Protecting Directors from Personal Liability
Liquidators are incentivised to make claims on Directors personally…
The kind of claims we help you avoid…
Trading When Insolvent...
If you have continued trading for a significant period in hope of survival, but with a negative balance sheet s you can be pursued for trading while insolvent
Overdrawn Directors Account...
This is any monies you drawn other than by PAYE or formal Dividend and can often happen if you cease trading mid year
Preferential Payments...
This is where you have paid yourself or special suppliers but not HMRC or other Creditors perhaps because you have not anticipated Liquidating.
BBS Loan Misuse...
HMRC is pressing the Insolvency Service to seek recoveries for such errors as applying for more funds than your real turnover allowed or using the funds for thr wrong purpose.
Disposing of Assets...
To fund continued trading did you sell assets below a fair price or not to creditors benefit this too can lead to a personal claims
Transfering Assets...
To continue your business through a new company it is ESSENTIAL to make an approved agreement to transfer assets and IP and customer information, you may otherwise be made liable for all the closing company’s debts
The kind of claims we help you avoid….
Trading When Insolvent...
If you have continued trading for a significant period in hope of survival, but with a negative balance sheet s you can be pursued for trading while insolvent
Overdrawn Directors Account...
This is any monies you drawn other than by PAYE or formal Dividend and can often happen if you cease trading mid year
Preferential Payments...
This is where you have paid yourself or special suppliers but not HMRC or other Creditors perhaps because you have not anticipated Liquidating.
BBS Loan Misuse...
HMRC is pressing the Insolvency Service to seek recoveries for such errors as applying for more funds than your real turnover allowed or using the funds for thr wrong purpose.
Disposing of Assets...
To fund continued trading did you sell assets below a fair price or not to creditors benefit this too can lead to a personal claims
Transfering Assets...
To continue your business through a new company it is ESSENTIAL to make an approved agreement to transfer assets and IP and customer information, you may otherwise be made liable for all the closing company’s debts
How we Protect you from Personal Claims
Review and Remedy
ODA? Trading insolvent? mishandling BBS? making preferential payments, under value sale of assets ?
These are just some of the potential claims, we look to remedy, or prepare you to defend.
We review full circumstances of your ceasing to trade, examine any key matters which a Liquidator is likely to investigate and suggest corrections, or answers to pre-prepare, before their appointment.
Keep you in Control
Your company’s Voluntary Liquidation is managed pro-actively, to ensure information is presented correctly from a technical viewpoint and includes a statement that explains all aspects of the closure in a best light.
Where liabilities cannot be averted, we help you negotiate an affordable settlement.
How we Protect you from Personal Claims?
We examine key matters likely be investigated, suggest possible corrections, propose answers to prepare before you liquidate and help draft a report which presents a best overall picture of events leading to the forced closure.
Where liabilities cannot be averted, we help you negotiate an affordable settlement.
Before you Liquidate – Avert Personal Risks
Call me, in confidence, without obligation for free, practical, professional advice
Michael O’Connor M.A MABRP : Director
0345 017 9773
Before you Liquidate
Avert Personal Risks
Call me, in confidence, without obligation
for free, practical, professional advice.
0345 017 9773
Michael O’Connor
Managing Consultant
Horsham
Afon Building – Worthing Road
Bristol
The Quadrant – Aztec West
Gloucester
North Warehouse – Gloucester Docks
Horsham
Afon Building – Afon Road
Bristol
The Quadrant – Aztec West
Gloucester
North Warehouse – Gloucester Docks
What our clients say..
you were there to offer us support and guidance in a world where we lack understanding
Construction Company
you advised and guided us to make the best choices for ourselves and our business
Software Company
…guidance through a very tough time, protecting us from hassle and available when needed to answer some very tricky and challenging queries
Design Company
I would like to personally thank you for your help, support and guidance through this incredibly tough period. If you ever need a testimonial, just shout and I’ll be only to happy to oblige.
International Distribution
What our clients say…
I would like to personally thank you for your help, support and guidance through this incredibly tough period. If you ever need a testimonial, just shout and I’ll be only to happy to oblige.
International Distribution
you were there to offer us support and guidance in a world where we lack understanding
Construction Company
…guidance through a very tough time, protecting us from hassle and available when needed to answer some very tricky and challenging queries
Design Company
you advised and guided us to make the best choices for ourselves and our business