Companies and LLP’s Debt

The Business Debt Advisor assists companies to build an optimal capital structure and to establish a robust debt policy.

• Administration
  Administration is an option for a company facing financial strain or creditor pressure.  In many cases, a company which enters Administration can preserve the core business, and maintain continuity with its customers, and staff.
• Company Voluntary Arrangements (CVA)
  A Company Voluntary Arrangement (“CVA”) is an option for a company which has a viable business but may be facing financial strain, or increased creditor pressure as a result of poor cash flow. It is a form of composition (similar to an Individual Voluntary Arrangement), which will be overseen by a licensed Insolvency Practitioner (“IP”).
• Compulsory Liquidation
  Compulsory Liquidation, usually referred to as “Winding-Up”, is the process to wind up an insolvent company through the courts.
• Creditors Voluntary Liquidation (CVL)
  Creditors’ Voluntary Liquidation (“CVL”) is also known as ‘insolvent liquidation’. It is a procedure which can be instigated by the director(s) of an insolvent company, where the shareholders’ of the company agree that the business should cease trading. This is the form of liquidation, which is most commonly used in the UK.
• Members Voluntary Liquidation (MVL)
  A Members’ Voluntary Liquidation (MVL) is also referred to as ‘solvent liquidation’. The procedure enables shareholders’ to place a solvent company into liquidation in order to realise the assets of the business in order to distribute the surplus proceeds to the company’s members. The process is most often used to wind-down a company which has come to the end of its useful life.
• Tax Arrears Payment Plan
  If you find yourself with arrears of tax debts, the worst you can do is ignore the problem. The Revenue will work with you if they see that you have acted promptly to deal with the arrears.