If you need insolvency advice, discover specialist insolvency solutions from licensed insolvency practitioner McAlister & Co.
When your business is facing financial distress, finding the right insolvency solutions can be the difference between recovery and closure.
At McAlister & Co, we offer expert advice and practical strategies to help you navigate these challenges. Whether you want to save your company or close it in an orderly and compliant manner, our team of dedicated insolvency practitioners is here to guide you every step of the way.
Our Insolvency Solutions
We provide a comprehensive range of insolvency solutions tailored to the unique needs of your business. Our expert team works with you to identify the best course of action based on your financial situation, goals, and long-term plans, from business rescue to company closure.
Company Rescue Solutions
If your business still has a viable future, our rescue options can give you the time and support needed to turn things around:
Company Voluntary Arrangement (CVA)
A CVA is a formal agreement between your company and its creditors that enables you to repay debts over an agreed period. This solution allows your business to continue trading while you work towards financial recovery. CVAs are often the best option for businesses facing short-term financial challenges but with a promising outlook. Learn more about whether a CVA is the right solution for you.
Company Administration
Administration protects your business from creditor action while a licensed insolvency practitioner takes control and formulates a recovery plan. Administration can also provide a path to restructure or sell your company as a going concern, helping preserve jobs and minimise creditor losses. Find out more about administration here.
Pre-Pack Administration
A pre-pack administration involves negotiating the sale of your business and assets before entering administration. It allows for a seamless transfer of operations to a new company, often involving the same directors. Pre-packs are particularly beneficial for maintaining continuity while freeing the business from historical debts. Discover more about the pre-pack administration process here.
Company Closure Solutions
If continuing to trade is no longer feasible, our team can guide you through a structured and compliant closure process:
Creditors’ Voluntary Liquidation (CVL)
A CVL is a director-initiated process designed to close an insolvent company. This solution enables you to settle any remaining affairs, such as notifying creditors, selling assets, and terminating leases. A CVL provides a clear path to closing your company and moving forward without lingering obligations. Explore the CVL process and whether it is right for you here.
How McAlister & Co Can Help
At McAlister & Co, we understand that financial distress can feel overwhelming, which is why our approach is designed to alleviate your burden:
- Comprehensive Business Review: We start with a full review of your financial position to understand the nature and extent of your challenges. We’ll identify early warning signs such as cash flow struggles, unpaid debts, and creditor demands.
- Tailored Insolvency Solutions: No two businesses are alike, which is why we offer personalised solutions based on your company’s specific circumstances and goals. Whether you want to save your business or ensure an ethical closure, we’ll recommend the best route for you.
- Legal and Practical Guidance: Our licensed insolvency practitioners help you meet legal obligations, manage creditor relations, and avoid accusations of wrongful trading. We handle all paperwork and negotiations, ensuring compliance at every stage.
- Transparent Communication: We act as the central point of contact for creditors, stakeholders, and HMRC, keeping you informed throughout the process.
- Emotional Support: Insolvency is not just a financial issue – it can be an emotional journey too. We’re committed to offering empathetic, solutions-focused support to help you make informed decisions with confidence.
Why Choose McAlister & Co for Insolvency Solutions?
Choosing the right partner to guide you through an insolvency process can make all the difference. As a family-run business, our team of insolvency practitioners are dedicated to providing practical, helpful advice and support to directors, sole traders, partnerships and individuals.
Here’s why McAlister & Co is the trusted choice for businesses across the UK:
- Expertise You Can Trust: With over 20 years of experience, we have helped hundreds of businesses manage insolvency processes successfully.
- Personalised Service: As a family-run business, we provide a supportive and approachable service that prioritises your peace of mind.
- Comprehensive Solutions: Whether your goal is to rescue or close your business, we offer a wide range of insolvency solutions tailored to your needs.
- Clear, Transparent Fees: We believe in upfront and fair pricing with no hidden costs, so you’ll always know what to expect.
Take Control of Your Future with Insolvency Solutions from McAlister & Co
If you’re facing financial difficulties, don’t wait until it’s too late. The earlier you seek expert advice, the more options you’ll have available. Contact McAlister & Co today for a free, confidential consultation.
Let us help you regain control and explore the best insolvency solutions for your business’s future. Remember, no matter how challenging the situation may seem, McAlister & Co is here to guide you towards a brighter tomorrow.