We understand that insolvency and business recovery services are a specialist area that not all accountancy firms deal with on a daily basis. As Licensed Insolvency Practitioners, we work closely with other accounting professionals, providing them with up-to-date information and advice on insolvency and business recovery issues.
We have extensive experience in thousands of situations involving businesses in crisis, and we therefore clearly understand the dynamics of what is always a complex and emotional situation.
How we can help you and your clients
We are happy to offer you preliminary advice on your clients' situation, outlining the options available to them. We will treat your clients with empathy and respect and enable you to stay involved with the assignment should you wish to. We can also advise you on your responsibilities as their accountant in providing your clients with the advice they need to make decisions in responding to statutory demands, legal proceedings and other steps taken by creditors.
Statutory Demands / Winding-up applications
If your client has received a statutory demand, they should contact us immediately. If the shareholders wish to appoint their own liquidator, they have to act before the date the application is served. Following this, the liquidator will be one nominated by the unpaid creditor, unless that creditor will consent to an immediate voluntary appointment. There is likely to be a period of delay before a court hearing is set down, during which any disposition of company's assets may be later challenged.
The earlier you speak to us the better
If you have a client facing financial difficulties, we always recommend that they speak to us earlier rather than later. This gives us a better opportunity to preserve value and achieve a successful outcome for all stakeholders.
Our services
To find out more about the services we provide click on any of the links below.
- Restructuring and turnaround
- Bankruptcy alternatives - compromises and proposals with creditors
- Forensic accounting and investigations
- Receivership
- Liquidation
- Voluntary administration
- Other insolvency and business recovery services
Articles
We regularly write articles on business recovery and insolvency. Articles you may be interested in are:-
- The rights of creditors when a company fails – Part 2 of 2
- Directors' Responsibilities - when things go wrong
- How liquidators add value
- The Personal Property Securities Act 1999 – pitfalls for creditors
- Legal decision good news for employees and IRD, bad news for secured creditors
- Company creditor compromises - worthwhile or not?
- An alternative to bankruptcy - Part 5 proposals
- Solvent Liquidations
Newsletter
Receive our monthly newsletter to keep up to date with business recovery and insolvency issues.
Seminars
Find out about our seminars on business recovery and insolvency related issues.
Contact us
You can either advise your clients to contact us directly, or call us yourself for further advice. Our Partners and staff can be contacted directly via the staff profile page. Our advice is provided on a confidential basis and does not commit your client to appointing us in a formal capacity.
We also have team members who are fluent in Mandarin and Dutch.