Insolvency Services

 Planning & Executing  

Being prepared for all eventualities makes good business sense for all stakeholders and should mean fewer surprises.

The crucial factor in rescuing a business and protecting creditor’s rights is the early involvement of trained specialists. We have comprehensive experience of planning and executing formal insolvency processes, across many sectors and businesses ranging in both complexity and size.

So you can understand how we review businesses and make conclusions on what changes should be implemented we have broken down all of the underlying elements taken in to consideration.

Find out more about our Insolvency Implementation services here or call your local advisor.

All advice given is highly confidential.

 Devise Strategy  Maximise Value  Distribute value & exit
 

We work with management to understand the immediate issues facing the business and to devise timely and proactive strategies that will take into account the interests of all stakeholders to ensure that all available options to maximise value are explored. 

The BDO team will provide both ongoing technical and commercial support to management to enable them to concentrate on the stablising the business where possible whilst a strategy is developed.

  

The devised strategy will look to maximise value by:                                                               

  • Protecting enterprise value
  • Implementing appropriate tax advice and solutions to ensure minimum value dilution
  • Closely manage & co-ordinated the strategy throughout assignment
  • Implement optimal solution

Confidence for stakeholders that interests are being met/served at all times

  The strategy will encompass a managed exit solution for the financial stakeholders that will facilitate recovery of value in a timely and efficient manner. 

Our services in detail

INSOLVENCY SERVICES

Contingency planning: our thorough planning prior to the commencement of insolvency procedures will ensure that options and contingency plans are set out from the start. For example, certain asset realisations attract tax charges - we will explore the most tax efficient sale time and method for assets and, of course, balance that with the other risks and stakeholder needs.

Creditor services: we are able to represent clients at creditors' meetings and assist in the mitigation of claims and provision of an independent report on recovery prospects.

Formal Insolvency: we know the crucial factor in rescuing a business and protecting creditors' rights is the early involvement of trained specialists. Our licensed insolvency practitioners take a commercial and realistic approach to our assignments, working in conjunction with existing management to ensure the best outcome.

SOLVENT LIQUIDATIONS & COMPANY DISSOLUTIONS

Corporate streamlining: where clients are incurring costs for dormant companies, we are able to effectively advise and assist corporate streamlining through solvent liquidations and company dissolutions, thereby eliminating potential contingent risks. Our knowledge shows that our clients have not only benefited from eliminating unnecessary costs of dormant companies but, against a backdrop of recent high profile corporate failures, peace of mind from mitigating potential contingent risks.

PERSONAL INSOLVENCY 

We have a team that specialises in personal debt and works with financial institutions and other creditors to maximise their recoveries, whether that is as part of their debt collection strategies or finding innovative solutions by working with them and their clients. Formal insolvency is, regrettably, a fact of life and our extensive experience in this area assists our clients to review the options available to them and access prospects of recovery. Whilst there will always be debtors that 'can pay, won't pay', where we can assist with the debt collection, we are advising more and more on situations involving 'asset rich, cash poor debtors' where we can assist in formulating an agreed strategy between stakeholders, whether by way of a non statutory restructuring or using the legislative procedures available.

SPECIALIST SOLUTIONS

Other areas where we can offer support to you and your clients include:

• Strategy Consulting

• Tax Investigations

• Post sale warranty claims

• Due diligence – financial, operational, management

• Asset tracing and recovery

• Litigation support

• Expert Witness

• Forecasting

• MBO / MBI

• Valuation

 

Back to Business Restructuring