How we can help you
If you are concerned that you as an individual, or your company, may be insolvent, it is essential that you take specialist advice as soon as possible. We are highly experienced at quickly coming to grips with the financial and operational issues faced by a distressed company or individual. Equally importantly, we are able to provide practical advice and recommendations. Our advice is confidential and does not commit you to entering into any form of insolvency process.
We meet with company owners and individual debtors every week, and perform a solvency test. This tests whether the company/individual can pay their debts as they become due in the normal course of business, and the value of the company's/individual's assets is greater than the value of their liabilities, including contingent liabilities. We then guide them on their options. These may include re-financing, selling all or part of their business, agreeing a compromise with creditors or entering into liquidation. Our policy is never to assume that insolvency is inevitable, and to look for solutions that preserve value wherever possible.
30 second insolvency test
Is your company insolvent?
- Is your company delaying payments to either the IRD or other creditors?
- Are its assets worth less than all of its debts?
- Have any creditors taken legal action against the company?
If you have answered yes to one or more of these questions then your company may be insolvent and you need to act as soon as possible. Contact us now.
The earlier you speak to us the better
We always recommend that you speak to us earlier rather than later. This gives us a better opportunity to preserve value and achieve a successful outcome for all stakeholders.
Winding-up applications
If your company has received a winding-up application, please contact us immediately. If the shareholders wish to appoint their own liquidator, they have only 10 working days to do so from the date the application is served. Following this, the liquidator will be one nominated by the unpaid creditor. There is also likely to be a period of delay before a court hearing is set down, during which the company's assets may be at risk from unpaid creditors.
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
- Company creditor compromises - worthwhile or not?
- An alternative to bankruptcy - Part 5 proposals
- Establishing Insolvency
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
Please contact us for more information or visit our staff profile page for direct contact details of our Partners and staff. Our advice is provided on a confidential basis and does not commit you to appointing us in any formal capacity.
We also have team members who are fluent in Mandarin and Dutch.