In cases of both administration and pre-pack administration, a professional insolvency practitioner will need to be appointed to run a company.
At Salient Insolvency, we have a wealth of knowledge at our disposal to guide your firm if it faces the prospect of going into administration. We can help your firm to avoid being placed into compulsory administration by helping you to reorganise your payments to creditors in a way that assists with your current cash flow problems but which also meets your creditors’ expectations. If your business is to be shut down entirely due to administration proceedings, then we can offer our advice to business owners, too, so that the outcome is as straightforward and positive as possible.
So, whether you are seeking to rescue your firm from its current financial difficulties or actively seeking administration to avoid certain outcomes – such as the threat of legal action, for example – we can help. We have a vast amount of experience dealing with unpaid HMRC debt, including both VAT and corporation tax, as well as dealing with potentially business-critical issues, such as the withdrawal of investors and financial backing. Why not talk to us to see what your available options are with company administration?