Company Insolvency Practitioner

Licensed insolvency practitioners are uniquely well qualified to advise businesses in financial difficulties. It is always advisable to ensure that advice is sought from people who are properly qualified.

All practicing insolvency practitioners in the United Kingdom must be licensed.

Most licensed insolvency practitioners have qualified as accountants or lawyers and have been practicing for several years before being able to qualify.

As investigating accountants to troubled businesses, licensed insolvency practitioners are required to give objective advice on financial viability, usually by or at the behest of a concerned lender or other creditor, or in advance of increased lending requirements. This generally requires a subjective appraisal of the skill and integrity of the managers of the business as well as of the prevailing commercial environment. It is a skill that licensed insolvency practitioners are uniquely qualified to provide.

Licensed insolvency practitioners will seek to make positive recommendations which will assist the enterprise to avoid insolvency and to prosper. Many businesses do survive given such intensive care, provided that help is sought early enough.

Once a company is recognised as being insolvent, or thinks it may become insolvent, there are a number of options available to the insolvent party or its creditors. The options have varying degrees of formality, from less restrictive voluntary arrangements, to more structured and restrictive procedures such as liquidation, administration and administrative receivership.

Through this website you can contact a licensed Insolvency Practitioner who provides a nationwide service. The company has offices in London, Leicestershire, Birmingham, Manchester, Leeds and Bristol.