Getting Back In
The Water

Solve Your Challenge

There are so many reasons why businesses struggle and individuals get into financial difficulty, such as sickness, relationship breakdown or even poor trading conditions. Going to your bank for help isn’t necessarily the best course of action as it may result in you being signed up to a personal guarantee for your debt and your debt being secured against your home which you could then lose. This is why Solve Co. offer only the right advice for you, with an emphasis on business rescue.

Help Through Difficult Times

Solve Co. licensed insolvency practitioners have helped rescue businesses who have had a range of challenges. There is a wealth of information available out there but you want the course of action that is right for you. Your business and personal situation is unique and SolveCo. have the expertise and experience to give you the right advice, and whether it’s for business rescue or restructure, you’ll feel safe in the knowledge that you are taking the right decisions.

Business rescue and restructure

Speaking to us is taking the right step towards business rescue and restructure. All our advice is insured as we are regulated by the IPA and we are up to date with all recent legislation.
We can help you with:

Debt reconciliation (DRO, IVA)
Debt management (bankruptcy)
Business rescue (CVA, pre pack administration)
Rebuilding/restructuring your company
Company liquidation (CVLs, MVLs, Strike Off and compulsory liquidation)

FAQs

If you are experiencing problems with debt you probably already have a list of questions that you need answers for.

Not usually. The Company is a separate legal entity and holds contracts with people or companies in its own right. Unless a Director has acted outside of his authority, or has given personal guarantees, generally the Director will not be liable for the debts of the Company.

Yes we do. We offer a free, fully confidential, no-obligation consultation either in person, over the phone or via video-conferencing at a time to suit you.
During the session we will listen to you to hear more about your circumstances, talk through your available options and offer advice on the most suitable solution for you. We offer this advice for free.
Should you decide to move forward with our recommendation, we will confirm any costs involved in writing prior accepting your instructions. For business or company debt, you may be able to recover our fees from the business, at no cost to the Directors personally.
Possibly. We offer a free, fully confidential, no-obligation consultation either in person, over the phone or via video-conferencing at a time to suit you.
A Company Voluntary Liquidation (CVL) allows a company to manage their own liquidation, avoiding the stress and risk associated with a compulsory liquidation.
For businesses who act quickly while there is still cash in the company, the cost of liquidation can be funded using the company’s assets. Typical costs for a Company Voluntary Liquidation range between £6,000 and £8,000 (plus VAT and disbursements) and are dependent on a number of factors such as staff numbers, assets, total creditors.
A CVL involves stringent regulation and must be conducted by an Insolvency Practitioner. There are certain costs that are payable such as statutory advertising, insurance, agent fees (e.g. valuers), convening of creditor meetings and reporting costs.
It depends. Liquidators have a duty to obtain the best possible price for the company assets. If selling assets to the former Director, a professional valuation would be needed to show that the price offered is fair. The Liquidator is required to sell the assets for the highest offer received. If your offer is the highest then the assets can usually be sold to you.
We can help. It’s important that you take prompt action to prevent the CCJ being enforced by bailiffs. Ring or email us for immediate advice on how to protect yourself.
Yes, we can help. If bailiffs have been instructed it’s important that you act quickly. In most cases, we can speak directly with the bailiff. Once they are aware of your circumstances, they may allow us extra time so you can decide on the best course of action for your business.
 
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The Solve Co

The Solve Co is a trading style of The Insolvency Company SW Ltd, registered in England and Wales at 2 The Crescent, Taunton, Somerset, TA1 4EA Copyright © 2024 The Insolvency Company SW Ltd. 10348775

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