Insolvency Practitioners
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If your company is in financial distress, you might be exploring whether to bring in an insolvency practitioner.
As with all professional services, not all Insolvency Practitioners are the same. It’s always important to check the level of experience of any IP you decide to instruct and their experience with businesses of your type and size.
Professional services are never cheap and price should not be your primary consideration, but costs are a relevant factor and some insolvency practitioners tend to specialise in big company insolvency whereas others work with smaller companies. Personal relationships, trust and empathy are always vital as well.
Whilst most of the work of an Insolvency Practitioner is when he or she is instructed as liquidator, administrator or receiver and the role is independent of directors and the IP must act independently and in accordance with duties, an IP can alternatively be instructed to represent the interests of directors or others who need to protect their legal interests in dealing with the IP instructed on the liquidation, administration or receivership.
Our Insolvency Practitioners are all highly experienced and fully licensed. We are generally instructed and specialise in working with smaller businesses and company directors. Please do contact us to find out about us and decide whether we are the right choice for you.
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