Insolvency Practitioner | Free Confidentional Liquidation Advice

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At InsolvencyPractitioner.co.uk, our licensed insolvency practitioners (IPs) and corporate recovery specialists provide regulated business rescue, restructuring, and company closure services to company directors, shareholders, and creditors across the UK.

We operate under the Insolvency Act 1986, the Company Directors Disqualification Act 1986, and the Corporate Insolvency and Governance Act 2020 (CIGA). As a firm regulated by the Insolvency Practitioners Association (IPA), we ensure every process is legally compliant, transparent, and designed to protect directors from wrongful trading claims and personal liability.

Whether your company is facing cash flow problems, HMRC arrears, creditor threats, or the need for a solvent winding-up, our team can guide you through the proper formal process. We assist with Creditors’ Voluntary Liquidation (CVL), Members’ Voluntary Liquidation (MVL), Company Voluntary Arrangements (CVA), administration, pre-pack sales, and specialist options, including administrative receivership and provisional liquidation.

We also assist with director redundancy claims, Time to Pay (TTP) arrangements with HMRC, and negotiations with secured and unsecured creditors, Companies House, and the Official Receiver.

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Table of Contents

Company Liquidation

If your company cannot meet its liabilities, we provide full guidance on the most appropriate form of liquidation.

Creditors’ Voluntary Liquidation (CVL) – Insolvent company closure initiated by directors, with a licensed IP appointed as liquidator.
Members’ Voluntary Liquidation (MVL) – Tax-efficient solvent closure, often used to access Business Asset Disposal Relief (BADR).
Compulsory Liquidation – Court-ordered winding-up following a creditor petition, initially handled by the Official Receiver.
Provisional Liquidation – Emergency court appointment of a provisional liquidator to safeguard assets before a winding-up order is granted.

Business Rescue & Recovery

When a company has potential to survive, we focus on legal restructuring options.

Company Voluntary Arrangement (CVA) – A binding repayment plan allowing continued trading.
Administration – Protection from creditor action (moratorium) while restructuring or arranging a business sale.
Pre-Pack Administration – Pre-arranged sale of assets immediately upon entering administration, preserving business value.
Administrative Receivership – For companies with floating charges created before 2003, allowing a secured creditor to appoint a receiver to recover debts.
Time to Pay (TTP) Arrangements – Structured payment plans for VAT, PAYE, and Corporation Tax arrears.
Moratorium (CIGA 2020) – Temporary legal protection to secure new funding or restructure debts.

Advisory & Compliance Services

We help directors meet their statutory obligations while minimising risk.

Director Duties in Insolvency – Understanding fiduciary responsibilities, wrongful trading risks, and record-keeping.
Creditor Liaison – Managing communications, Proof of Debt forms, and voting rights.
Asset Valuation & Disposal – Sales conducted under Statement of Insolvency Practice (SIP) rules, including SIP 16 for pre-packs and SIP 2 for investigations.
Employee & Director Redundancy Claims – Assistance in claiming from the Redundancy Payments Service (RPS).
Personal Guarantee Advice – Negotiation and settlement strategies to reduce personal exposure.

UK-Wide & Jurisdictional Coverage

While most insolvency processes are governed by the Insolvency Act 1986, there are jurisdictional variations:

Scotland – Certain procedures use different terminology and court systems, e.g., sequestration for personal insolvency and Sheriff Court for winding-up petitions.
Northern Ireland – Separate insolvency legislation (Insolvency (NI) Order 1989) and distinct court processes.

We advise across England, Wales, Scotland, and Northern Ireland, ensuring compliance in each jurisdiction.

Key Legal Documents & Processes

Statement of Affairs – Financial summary for creditors.
Proof of Debt – Formal claim submission by creditors.
Creditors’ Meetings & Committees – For approving proposals and monitoring progress.
Insolvency Register – Public record of proceedings.
Priority of Payments – Compliance with UK creditor hierarchy.

Common Causes of Business Insolvency

Economic downturns and reduced demand.
Late payments or bad debt.
Rising interest rates and inflationary pressures.
Loss of key contracts or customers.
Supply chain disruption and increased costs.
HMRC arrears and tax liabilities.

Impact of Insolvency on Stakeholders

Directors – Possible disqualification or personal liability.
Employees – Redundancy and claims through the RPS.
Creditors – Recovery through asset realisation or payment plans.
Shareholders – Return of capital only in solvent closures.

Insolvency Statistics & Market Context

According to The Insolvency Service, corporate insolvencies in England and Wales rose by 15% year-on-year in 2024, driven by high interest rates, energy costs, and HMRC enforcement resuming post-pandemic.

Top sectors affected: Construction, hospitality, and retail.
Most common procedure: Creditors’ Voluntary Liquidation (CVL), accounting for over 70% of cases.

Why Use a Licensed Insolvency Practitioner?

Regulated advice – IPA-compliant processes.
Clear explanations – Step-by-step guidance for all procedures.
Legal protection – Reduce risk of personal claims.
End-to-end support – From consultation to final closure or rescue.

Frequently Asked Questions

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When should I appoint an insolvency practitioner?

You should appoint an IP if your company can’t pay debts as they fall due, or creditor pressure is mounting.

Can I be personally liable for company debts?

Yes, you can be personally liable for company debts if wrongful trading, misfeasance, or personal guarantees are involved.

What happens to employees?

Employees are usually made redundant and can claim from the RPS.

How long does liquidation take?

Liquidation typically takes 6–12 months however the process can be longer for complex estates.

What’s the difference between insolvency and liquidation?

Insolvency refers to the financial state, while liquidation is the closure process.

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Locations We Cover

Insolvency Practitioner in London

Our London insolvency practitioners assist businesses in finance, retail, hospitality, and technology with CVLs, MVLs, CVAs, and administration services. We negotiate with HMRC, creditors, and the Insolvency Service to protect directors and meet all legal obligations.

Insolvency Practitioner in Manchester

Our Manchester insolvency practitioners work with companies in manufacturing, logistics, and creative industries to deliver liquidation, restructuring, and corporate recovery services. We provide HMRC Time to Pay plans, pre-pack sales, and creditor negotiations.

Insolvency Practitioner in Birmingham

Our Birmingham insolvency team supports engineering, retail, and professional service businesses with CVLs, MVLs, CVAs, and administration solutions. We ensure full compliance with the Insolvency Act 1986 and safeguard directors from personal liability.

Insolvency Practitioner in Glasgow

Our Glasgow insolvency specialists help companies in manufacturing, engineering, and services manage liquidation, restructuring, and HMRC arrears. We deliver CVLs, MVLs, CVAs, and administration strategies tailored to Scottish insolvency law.

Insolvency Practitioner in Edinburgh

Our Edinburgh insolvency practitioners provide corporate recovery and closure solutions for finance, tourism, and service businesses. We handle CVLs, MVLs, CVAs, and HMRC arrangements while meeting all statutory requirements.

Insolvency Practitioner in Bristol

Our Bristol insolvency practitioners work with logistics, aerospace, and creative industries to deliver liquidation, restructuring, and CVA services. We also arrange HMRC Time to Pay agreements.

Insolvency Practitioner in Nottingham

Our Nottingham insolvency team assists retail, manufacturing, and healthcare companies with CVLs, MVLs, CVAs, and administration services, ensuring directors meet all legal duties.

Insolvency Practitioner in Leicester

Our Leicester insolvency practitioners provide liquidation, restructuring, and recovery services for manufacturing, textiles, and distribution businesses, while protecting directors from wrongful trading risks.

Insolvency Practitioner in Newcastle upon Tyne

Our Newcastle insolvency specialists serve marine, retail, and service industry companies with CVLs, MVLs, CVAs, and HMRC payment plans to prevent enforcement action.

Insolvency Practitioner in Cardiff

Our Cardiff insolvency practitioners work with hospitality, retail, and manufacturing businesses to deliver liquidation, restructuring, and CVA services compliant with Welsh and UK law.

Insolvency Practitioner in Coventry

Our Coventry insolvency specialists assist automotive, engineering, and education sector companies with corporate recovery, liquidation, and CVA solutions.

Insolvency Practitioner in Bradford

Our Bradford insolvency practitioners help manufacturing, textiles, and wholesale businesses manage liquidation, restructuring, and pre-pack administration sales to preserve business value.

Insolvency Practitioner in Wolverhampton

Our Wolverhampton insolvency team supports manufacturing, logistics, and service sector companies with CVLs, MVLs, CVAs, and HMRC arrangements to avoid enforcement action.

Insolvency Practitioner in Stoke-on-Trent

Our Stoke-on-Trent insolvency practitioners assist ceramics, logistics, and retail businesses with liquidation, restructuring, and HMRC Time to Pay plans.

Insolvency Practitioner in Derby

Our Derby insolvency team provides liquidation, restructuring, and CVA services for engineering, manufacturing, and retail companies across the region.

Insolvency Practitioner in Southampton

Our Southampton insolvency specialists help shipping, logistics, and retail companies manage formal insolvency processes, HMRC arrears, and corporate restructuring.

Insolvency Practitioner in Portsmouth

Our Portsmouth insolvency practitioners deliver CVLs, MVLs, CVAs, and administration solutions to marine, defence, and retail businesses, ensuring legal compliance.

Insolvency Practitioner in Reading

Our Reading insolvency team supports finance, IT, and distribution businesses with liquidation, restructuring, and recovery solutions tailored to local conditions.

Insolvency Practitioner in Hull (Kingston upon Hull)

Our Hull insolvency practitioners provide regulated CVLs, MVLs, CVAs, and pre-pack sales for manufacturing, maritime, and service sector companies.

Insolvency Practitioner in Sunderland

Our Sunderland insolvency specialists assist retail, manufacturing, and service businesses with liquidation, recovery, and restructuring services.

Insolvency Practitioner in Plymouth

Our Plymouth insolvency practitioners help marine, tourism, and service sector companies with CVLs, MVLs, CVAs, and administration processes to preserve jobs and value.

Insolvency Practitioner in Swindon

Our Swindon insolvency specialists support manufacturing, logistics, and service sector businesses with liquidation, restructuring, and recovery planning.

Insolvency Practitioner in Blackpool

Our Blackpool insolvency practitioners help seasonal hospitality, retail, and entertainment businesses with CVLs, MVLs, CVAs, and HMRC negotiation services.