Having difficulty trading and need a fresh start? Speak with our Business Recuse team now 020 7504 1300
If your business is currently struggling under a mountain of debt or having difficulty trading because of unsympathetic creditors or for any other reason, we can certainly help you. We can remove your burdensome load and provide you with a fresh start without any disruption to your current trading.
We are experienced in business rescue and can provide you with a complete and comprehensive service including the following which is not an exhaustive list of our services:
New Company Incorporation
We provide a same day company formation service with company documents dispatched same day online and hard copies to follow by post.
For all business re-starts and even business start-ups we always advise that the new company is actually incorporated and listed at Companies House ahead of any other business re-start process.
Company Business Bank Accounts
We have key relationships with the leading high street banks and have a good reputation for providing them with existing and new business customers; business re-starts or business start-ups. Our business bankers can usually process a new business account application within a week.
Rescue and Secure Business Assets
Usually with most business re-starts the assets (vehicles, plant, stock, sales debtors, contracts, works in progress, etc) from the old company is required in the new company for successful continuation of trade without disruption to business. However, asset transfers without the old company receiving an equitable consideration for those assets are unlawful pursuant to the Insolvency Act 1986. Such action, if committed, can lead to very serious consequences against the directors of the old company.
Our experience in preparing the assets sale contract and structuring the actual acquisition of those assets so that it is not only favourable but achievable by the new company is one of our particular skills set. Even if the new company cannot provide the cash up front for the acquisition of the assets we can still structure the acquisition of those assets on very favorable terms to the new company.
Obtaining VAT registration for limited companies has become more difficult and now takes much longer than usual. This is due to systemic abuse by companies of VAT credit payments and non payment by companies of their VAT liabilities.
If you have been a director of a company that has gone into liquidation with a VAT debt liability to HMRC it is very likely your new company will have to pay a 3 to 6 months VAT deposit up front prior to VAT registration. If this applies to you we can help. Because of our experience in this area we will guide you through the VAT registration process without your new company having to pay 3 to 6 months VAT deposit before registration can be accepted.
Because of our relationship with the leading banks we can link you into bank lending facilities for new business start-ups and business re-starts.
For new companies in need of a bank lending facility the best time to obtain a loan facility is at the start of the company’s life when there is no trading history. Provided the loan facility can be secured against property and supported with a set of financials (which we can prepare) the loan application is likely to succeed.
We have access to leading factoring facilities for new and existing businesses with actual or projected sales from £50,000 to £6m. It does not matter if you currently use a factoring facility or not, we know we can still help your business re-start or start-up.
Even if your business is currently facing insolvency challenges or other financial difficulties we are confident of our ability to help you. Our particular experience in this area is securing factoring facilities for distressed companies and new business start-up and business re-starts.
Telephone Call Centre Operations
Should your business require the support of a telephone call centre we will be more than happy to help you. We can provide you with a comprehensive and professional outsource service. Our call centre staff are very friendly and will courteously answer all calls in your company name and deal with them according to your instructions, which you may change whenever you wish. This includes transferring your calls to landlines or mobiles, taking detailed messages, call screening, voicemail and taking outside business hours calls. Details of all incoming calls are logged and sent to you by text and or email.
Registered Office Address
Why not use our prestigious London W1 address for your registered office. You can also use it for your address for service instead of your residential or trading address. We will forward on your mail each day or deal with them according to your other instruction.
Do you need a trading address because you are working from home and wish to keep your home address private? We can help you. We can provide you with a central London trading address for your mail (including deliveries). We will forward on your mail each day or deal with them according to your other instruction.
Would you like us to manage part of your operations for you in the form of a virtual office? We can provide you with dedicated telephone and fax numbers for you to use in your business. We can take all or some of your calls either during busy periods or as and when you wish (see Telephone Call Centre Operations above). We can even undertake other jobs on your behalf. Yes, we are really that flexible.
Demise Old Company
Would you like to control the demise of your company without the need for creditors voluntary or compulsory liquidation pursuant to the Insolvency Act 1986? Remember the liquidator or official receiver has a mandatory duty to investigate the directors’ conduct and reasons for the failure of the company? They can also recommend directors disqualification proceedings are brought against the directors or much worse. When you are in control of the company’s demise you control your future.
Company Insolvency Advice & Representation
If your company is about to enter into insolvency proceedings you may want to benefit from our advice as to your available options and any possible, future personal liability claim.
Petition Debt Paid £14,442
Print Run has used the services of Insolvency and Law on two occasions in the last year. Initially the whole process of issuing a winding up petition appears to be daunting, especially for a small fish in a big sea when taking on large companies, but Peter Murray and his team made the job easy and totally seamless.
Petition Debt Paid £26,717
We were owed £26,717 by one of our customers and our credit control efforts, which had included a County Court Summons, were exhausted so we looked for third party assistance and came across Insolvency & Law on the internet. After a first conversation with Peter Murray I was left feeling confident that there was indeed hope through the debt recovery services provided by I&L.