hi would like more information about pre pack admin. Firstly your charges How you value the business. We have borrowed from several sources and and are now struggling to make ends meet. I have rescheduled some of the debt but after calculating cashflows etc realise that we will not meet our commitments, i am looking to buy the company back and start again without the historic debt? I would appreciate some advice.
As with most insolvency practitioners are charges are based upon the time we spend on an assignment and ordinarily these charges are paid from the sale of assets owned by the insolvent company. As we are not valuers we employ professionally qualified agents who are to carry out the valuation exercise. Whilst on the face of your enquiry a pre-pack administration may be a suitable solution we would need to assess the financial position of the company before making any recommendation to you as there may be other options available that you have not yet identified.
12th December 2018
Small and medium-sized enterprises (SMEs) across the UK are paying increasingly large sums of money to collect amounts owed to them by their clients and customers.Read More
4th December 2018
The number of independent retailers who closed down outlets during the first half of this year reached a record high level for any comparable period.Read More