BUSINESS RECOVERY AND INSOLVENCY SPECIALISTS
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Our Accounts Manager Rob has committed to cycling the Manchester to Blackpool bike ride in July in support of The Christie Charity. Rob’s training regime consists of drinking beer and eating sprouts and he said recently that he hopes to ride like the wind. If you’d like to support Rob you can visit his just giving page at: http://www.justgiving.com/Rob-Ogden
Liquidation price drop!
We’ve reduced the deposit required from directors in order for us to act in a basic insolvent liquidation where a company has no assets to £4,500.
Report on cessation
The service described in the case study costs £900 plus VAT (providing that there are less than 20 creditors) and offers a director an alternate method of dealing with the closing down of a company that has ceased to trade where there are no employees, insufficient assets to meet the costs of liquidation and where the director has no personal funds with which to contribute to the costs of liquidation.
It also provides an insolvent company’s creditors with a transparent overview of the position enabling them to make an informed decision on what action to take, if any.
P&A CASE STUDY:
Mr Smith is the director of a limited company whose principal activity is that of a car service centre business, providing basic motor servicing to the local community. Mr Smith and his wife are equal shareholders. Read More
As we welcome you to the spring edition of P&A Update we bring news of an increase in enquiries from directors of companies that fit the description of a zombie company, as widely discussed in the media. Despite the terse media labelling, we know that behind the zombie there is a director who is more than likely under tremendous pressure and who feels isolated and unsure of the way forward.
In recognition of this problem and in response to the perceived prohibitive costs of a formal liquidation we have launched two initiatives that provide the focus for this edition.
Corporate Insolvencies in the third quarter 2012 fell by 21% on the same period 12 months ago. Read More
Manchester’s oldest insolvency and business turnaround firm is relocating across the city, as part of a strategic growth and rebranding programme. Read More
The Office for National Statistics has released personal insolvency figures made up to Q2 of 2012. Read More
Companies across the North West have cause for cautious optimism as the number of insolvencies in the region fell by 11% compared with the same time last year. Read More
TRULY INDEPENDENT ADVICE
As independent insolvency practitioners we have no audit connection and, therefore, no allegiance to any individual trade creditor, bank or financial institution. Read More