Audit & Accounts
Recovery and Insolvency Services Department headed by Vincent
Simmons provides advice on business turnaround and liquidations.
No company or individual wishes to
be the subject of formal insolvency proceedings. We will explore every option available to
try to find a solution to help avoid them.
Bankers and other financial
institutions do not want to force businesses under. However,they do not want to put loans
at risk either- so we will work on finding creative solutions to best protect their
interest. We recognise that clients need clear advice and we provide it.
In contrast to both bankruptcy and
liquidation proceedings, Voluntary Arrangements allow companies and individuals to
compromise debts owed to creditors. Such Arrangements are not neccessarily public
We are able to act as Supervisor of such Arrangements which can be particularly
useful to the company/individual whereby the business is generally capable of generating
profits in the future but has suffered difficulties as a result of past events (eg. bad