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For companies in distress we offer an independent financial review with advice on various options available.
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PB Jackson Norton provides practical advice and solutions to Companies that are facing insolvency, receivership or liquidation.
Under United Kingdom law, if a Company is trading whilst insolvent, a Director may be liable for wrongful trading.
Many Directors fall into the trap of ignoring the warning signs, simply expecting the difficulties to resolve themselves over time. The earlier Directors tackle a Company's problems, not only will they protect themselves from any possible future legal action, but the better the chance of constructing a plan that will ensure the survival of the business.
In addition to accepting appointments in receivership and liquidation, we provide innovative and practical solutions by way of administration and voluntary arrangements, both formal and informal.
We will provide realistic and professional advice on all the options available to the Company. We provide advice on:
Where we act as the insolvency practitioner, managing the business affairs of the Company.
Essentially advising and drawing up a full or partial repayment agreement with creditors.
Realisation and distribution of a Company's assets acting on behalf of secured creditors.
Winding up the Company when the Directors and shareholders have recognised its insolvency.
Winding up the Company which has defaulted when a court has decided it can no longer meet its obligations.
Handling the winding up of the Company when it no longer has a trading future.
Examining the options of seeking financial help and facilitating in order to continue trading.
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