Limited Companies

WHEN A COMPANY BECOMES INSOLVENT, DEFINED AS BEING “UNABLE TO PAY ITS DEBTS WHEN THEY’RE DUE” OR WHERE “ITS ASSETS ARE WORTH LESS THAN ITS LIABILITIES”, THE DIRECTORS HAVE A DUTY TO ACT IN THE INTERESTS OF CREDITORS

At Hart Shaw Business Recovery we understand the pressures that directors are under especially when the business is in trouble and deciding whether or not to continue trading. We have extensive experience in advising directors and provide clear and practical advice to assist them in their decision making.

The earlier directors take advice, the greater the chance that the company can be saved. It may be possible for the company to be turned round following cost-cutting measures and re-financing, all of which we can help with; alternatively, a formal insolvency procedure may be required to allow the company to continue trading and be saved.

A Company Voluntary Arrangement (an agreement between the company and its creditors) will deal with the company’s debts and allow it to continue trading. If proposing a Company Voluntary Arrangement is not possible or practical it may be necessary to place the company into either administration or liquidation in order to deal with its debts. However, in both cases it is still possible to save the business, as in the case with most of the companies we advise.

Call now on 0800 068 6857 to find out how we can help.


Call us free & confidentially on: 0800 068 6857
Hart Shaw LLP | Europa Link | Sheffield Business Park | Sheffield S9 1XU | chris@hartshaw.co.uk