No matter what difficulties lay ahead, McAlister & Co can help
Business recovery and insolvency
We know that directors and sole traders can be under pressure when running a business and that the pressure increases when faced with financial difficulties.
McAlister & Co Insolvency Practitioners Ltd are a progressive corporate recovery and personal insolvency practice with offices across south Wales and the south west. We offer a comprehensive range of services covering turnaround, recovery, restructure and Individual Insolvency Services.
Services for Limited companies
In company matters we seek to identify and implement pragmatic and commercial strategies to the financial difficulties facing our clients. Whilst realising that company liquidation is unavoidable for some businesses options are available for companies with a viable future.
- Administration – used to ring fence a company whilst a solution is found. Allows you to take the good bits forward, start afresh.
- Company voluntary arrangement (CVA) – Allows a viable but struggling company to repay some, or all, of its historic debts out of future profits, over an agreed time period.
- Pre-Pack sale – A legitimate means to re-start an insolvent company.
- Creditors Voluntary Liquidation – when trading has to cease and assets are disposed of for the benefit of creditors, the company can be closed in a managed way reducing the stress and heartache and helping protect you from any personal liability.
Services for individuals, sole traders and partnerships
A partnership or individually owned business earns the right of privacy over the businesses financial affairs but the owners are held personally liable for all the business liabilities. This is fine when things are going well, but in the event business takes a turn for the worse, it can lead to the nightmare scenario of losing all your assets. When trouble occurs formal procedures are available to help protect you, your assets and the interest of the business going forward.
- Voluntary arrangements – used to freeze business and personal debts providing the necessary breathing space to get you back on track.
- Administration for partnerships – used to ring fence a business. Provides a three month window to examine the issues, work out solutions and come up with the best proposal for dealing with the insolvency.
At McAlister & Co we do not charge for initial consultations. We will assess your situation and in the first instance provide a letter of recommendation about your options and what steps to take to minimise the risks and to give you much needed peace of mind.
For more information about any of our services, please complete the simple form below and we will call you back regarding your enquiry.
