Quite simply, we are specialists in all things insolvency and our principal has 25 years experience in both corporate insolvency and wider financial services. Very few companies operate from the perspective of what do we do now a company has failed and how do we mitigate the effects on the individual?
The liquidator will be busy representing the interests of the company's creditors which is, often, directly against your best interests. The former accountant is responsible to the liquidator for the work they have previously done for you and so, at the very least, they are conflicted.
We are a specialist firm that only complete work on cases that are associated with a Limited Company in Liquidation. By specialising in this way we know all of the specific circumstances, reliefs, mitigation opportunities and genuine ways to avoid either (a) debt or (b) disqualification.
How can you solve my issue?
Principally, we approach any issue as Forensic Accountants. This means that we follow the evidence. Whilst we sit between two parties, we are only appointed to act for you. This means that we are not looking for evidence that supports the case against you (and nor are we required to bring this to anyone's attention) and we concentrate on evidence that suits your position and either drives down the cost of removes a claim against you entirely.
How successful are you?
We successfully remove or significantly reduce a claim in 80% of the cases upon which we are appointed.
Does it affect the Liquidation?
If we are acting in relation to a personal guarantee or disqualification issue then our work has no effect on the liquidation. If we are acting in relation to a liquidator's claims against you (misfeasance, preference, directors loans etc.) then our work would reduce, or remove, the amount you have to pay which would affect the liquidators and, potentially, the creditors of the company but otherwise it would not affect the liquidation process.
How long does it take?
The quickest we have ever resolved an issue is 10 days but it usually takes around 3 to 6 months for us to complete our role because forensic work is painstaking and it will take other parties some time to acquire and provide us with the evidence requested. Once you instruct us, you will have a dedicated named contact that will guide you through the process and they will keep you up to date. Regrettably, other parties are the slowest part of our service but we work to minimise their delays and, of course, any delay usually delays you having to make any payment and so is not against your interests. Rest assured, we will work to balance delays to ensure that they are minimised.
What's involved?
The process for our clients is fairly simple. Once you instruct us, we do all the hard work and review your circumstances in full. You simply sign an authority for us to get the information needed directly from others and once we have the necessary evidence we will work to minimise your exposure.