Running a business comes with its fair share of challenges. Fluctuating cash flow, mounting debts, and tough trading conditions are hurdles many directors face. But how do you know when it’s time to seek professional advice? More importantly, when should you speak to a licensed insolvency practitioner? If you’ve found yourself asking this very question, […]
When Should You Speak to a Licensed Insolvency Practitioner? Read More »
For any company or personal insolvency procedure or for the closing of a solvent business in the United Kingdom, it must be handled by a licensed insolvency practitioner (IP). But finding one that is able to handle your situation and that you can work with is another matter. However, there are several sources you can
How Hard Is It to Find a Licensed Insolvency Practitioner in the United Kingdom? Read More »
As of 2021, there are around 1,600 licensed insolvency practitioners (IPs) in the UK; that doesn’t include the thousands of support staff in the background that help every single one of the UK’s IP in providing comprehensive, professional and highly-experienced insolvency practitioner services for businesses and individuals across the country. But what is involved in
An Overview of Insolvency Practitioner Services in the UK Read More »
Whether a company is solvent or insolvent, it is not possible to liquidate a company yourself. Any company liquidation must be handled by a licensed insolvency practitioner (IP). Unless the company has been issued with a winding up petition by a creditor, the directors of the company make the decision to liquidate it and instruct
How to Liquidate a Company and Can I Do It Myself? Read More »
In the UK, a licensed insolvency practitioner, or IP, is a legal professional qualified to act on behalf of a company, partnership or individual that is insolvent, or for a solvent company or partnership that is closing down. In most cases, the IP has a background in law, accountancy or as a solicitor. They must
What is a Licensed Insolvency Practitioner in the UK? Read More »
For any company struggling with debt or facing insolvency, bankruptcy or administration, the first port of call is a licensed insolvency practitioner, or IP. Despite the title, an IP isn’t there to handle company insolvency liquidations, such as Creditors Voluntary Liquidation (CVL), Company Voluntary Arrangements (CVA) or Compulsory Liquidation. They are also there to help
What is a Licensed Insolvency Practitioner and What are Their Duties? Read More »
Opting to close a company is not a decision many directors take lightly, even if it is a solvent company without any debts. There are many reasons why a company may be closing including retirement, restructuring or going back to being a sole trader. If it’s a solvent company or if insolvent, the options are
Expert Advice on How to Close a Company Read More »
If your company is struggling for any reason, or it has lost its way and guidance is needed to get back on a forward-thinking footing, our team of professional insolvency practitioners are here to guide you.
How can The Help of Insolvency Practitioner Services Help You? Read More »
If your company is struggling with a high level of debt and is in need of corporate recovery services, our team of professional, licensed insolvency practitioners at Simple Liquidation are available to discuss your circumstances and advise on the best way forward.
What’s The Best Corporate Recovery Service to Change My Situation? Read More »
