Insolvency

Saving the day with sound advice

Insolvency

"If financial pressure starts to hurt, it’s important to act early. Delay can be costly and we recognise that crucial executive decisions can’t wait. 

We have over 25 years’ experience in managing debt problems and providing insolvency and restructuring advice for individuals, partnerships and companies. As well as working within formal insolvency proceedings, we offer assistance before it gets that far, often nursing a business back to health. 

If it transpires that a business cannot be saved, in whole or in part, we will set out the options available in a clear and concise manner. We never forget that business failure tends to be a stressful experience. Proactive and constructive advice from us, coupled with a timescale for action, will help you deal with a challenging time.”

MICHAEL J. M. REID
Partner


Our insolvency services include advice on the following areas:

PERSONAL INSOLVENCY

– Debt repayment programmes

– Facility to act as a debt repayment distributor

– Debt arrangement schemes

– Trust deeds

– Sequestration and bankruptcy

CORPORATE INSOLVENCY

– Administration

– Receivership

– Corporate voluntary arrangement

– Liquidation

– Supervision of permanent closure

– Directors’ issues including: wrongful trading, personal guarantees and disqualification

RESTRUCTURING

– Consultancy and informal creditor arrangements

– Corporate rescue and recovery


Download our Insolvency service booklet


If you think you’d like to use our services, please call +44 (0)1224 625554 or email reidm@mestonreid.com and we will arrange a free introductory meeting.

Personal

Our experienced team will meet with you, assess the situation and provide practical advice. We realise that personal insolvency can be a stressful and embarrassing time. The free consultation meeting will explain the various options available and clarify the effects of whatever solution is chosen. We hold a Consumer Credit Licence and act in numerous formal insolvencies as well assist with debt management agreements.

Corporate

We have a licensed insolvency practitioner who can act as liquidator/administrator or assist in an informal closure process. Company directors consult us regarding how to deal with a company in financial trouble, which may require a turnaround process rather than formal insolvency proceedings. We act for directors when they are facing disqualification action and provide support to other stakeholder groups when company stability is in doubt.

Restructuring

We undertake a detailed financial appraisal of a company, sometimes for a creditor such as a Bank, the board, or third party shareholders. Difficult decisions are explained and a plan created that will endeavour to preserve all or part of a company’s value. Such plan may involve redeployment of resources or a strategic re-think. You can count on us to be creative and focused on achieving success.

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