FA Simms & Partners – Birmingham Insolvency Practitioners
Birmingham Insolvency Practitioners
In order to be able to find a trustworthy Birmingham Insolvency Practitioners, you must do your research. With heavy competition you want to approach a firm that you feel comfortable with and speak to someone you feel can help look after you and your company.
Where to Find Us
What is Company liquidation?
If you are finding yourself struggling with cash flow worries, then your business maybe facing signs of insolvency. A typical way to solve these problems is by entering into company liquidation.
The two options available to companies for liquidation are:
Despite the term liquidation having “full-closure” connotations, it must be noted that the Creditors’ Voluntary Liquidation can be used as a business rescue aid. It offers directors a chance to purchase the goodwill and assets of the business in order to set up a new company.
What is business rescue?
Business rescue is the fundamental job that Insolvency Practitioners do. To rescue a business and ensure it continues to trade is something company directors may not think possible if they are struggling with insolvency.
There are two main options for business rescue:
If you believe your underlying business could have a positive trading future, then a business rescue option is the route to seek further advice on.
Free Consultation at our Birmingham Office
FA Simms & Partners is an owner managed company and so understands how important a business is to the directors/shareholders. If you contact us today you will speak directly to a Licensed Insolvency Practitioner who will have over 10 years’ experience working in the insolvency industry.
All initial consultations are free, and we can easily arrange a meeting at our Birmingham office with as little as 2 days’ notice. This meeting will also incur no cost.