Knowing you are dealing with a reputable and regulated company will help ease your mind when deciding who to entrust with your company problems. With over 400 staff and 40 offices nationwide, we are well-established and perfectly placed to support company directors, owners and shareholders. View some of our case studies below.
- When a whole company in the engineering sector went into administration it became apparent that there were a number of companies that the management team were unclear about, a phenomenon commonly known as ‘corporate memory loss'. Despite being little more than empty shells, the companies had remained part of the group for so long that no one involved in the group was clear about the reasons for their continued existence. Nevertheless, the dormant companies required costly maintenance in the form of filing accounts and other corporate administration, as well as providing a confusing overall picture of the group’s structure.
Once those companies had been identified our team of specialists undertook MVLs to tidy up the group’s structure, saving costs and streamlining the entire engineering group.
- A London-based large-scale printer was given a cash payment to move from its site by the London Development Agency (LDA), making way for London’s 2012 Olympic Park. After moving, the firm experienced financial problems due to a decline in the printing sector, a large extraction of money and increased pressure from creditors. The bank then took the decision to appoint us as administrators.
Our team secured the site, starting investigations into the company including analysis of assets and liabilities. One hundred staff were made redundant. Our investigations continue but proceedings are commencing against the former company officers and associated parties to return the funds to the firm.
- Following a restructure, a national building maintenance group, with over 550 staff over five sites, suffered from delayed payments from key customers and suppliers’ refusal to go on trading after credit insurance was removed on key trade creditors.
As Administrators, we worked closely with customers and former employees to ensure continuity of employment, where possible. Transfer of the contract to new service providers secured new jobs for employees, reduced employee claims, enhanced dividend prospects for remaining creditors and lessened disruption for customers, improving results from outstanding contractual debtors.
- Our team of liquidators were appointed to one of the largest offshore marketing and advertising agencies. The agency, based in Guernsey, had a turnover in excess of £50m at its peak and 29 staff. The loss of significant media contracts brought about a decision by the parent company to put the business into voluntary liquidation.
Following our appointment, the Channel Island offices were closed, resulting in staff redundancies.
With its valuable IP and brand, we were confident that a buyer would quickly be found for MSS. As part of Environmental Engineering, the business and its staff and management have a more secure future. With its strong reputation for outstanding design capabilities and quality of service, Environmental Engineering provides an ideal fit, enabling MSS to grow.Read the Case Study View all Case Studies
Friday 16th September, 2016 Written by Keith Tully
A well-established tile and bathroom retailer operating primarily in Sussex has been entered into liquidation having become unable to cope with a serious financial crisis in recent weeks.Learn More…
Tuesday 15th March, 2016 Written by Keith Tully
Nigella Lawson, who has been presenting cookery shows on British television for well over a decade, has entered her TV production company into voluntary liquidation.Learn More…
Friday 11th March, 2016 Written by Keith Tully
The company behind Austins, one of the oldest department store businesses in Europe, has been forced into liquidation after failing to overcome a financial crisis in recent days.Learn More…
17th May 2017 As many as one in four SMEs throughout the UK are reliant to some extent on the services of ‘gig economy’ workers, according to new research on the subject.
11th May 2017 Small companies throughout the UK could be facing a “business support black hole” in the next decade if funding currently allocated to them from the European Union is not replaced after Brexit.
2nd May 2017 The number of company directors who have been banned from leading or forming businesses for five years or longer reached a six-year high during 2015/16, according to the latest figures on the subject.
27th April 2017 A major creditor to Bolton Wanderers has issued a winding up petition against the football club in relation to a £5 million loan given to the organisation last year.
26th April 2017 HM Revenue & Customs (HMRC) officers have raided the offices of two of England’s largest and best known football clubs over issues relating to suspected income tax and national insurance (NI) fraud.
Every day we help companies just like yours turn things around against seemingly impossible odds, regardless of your situation we can help. Find your nearest office today.