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Our Insolvency Practitioners Can Help With



  • How do you know if liquidation is the right option?
  • What liquidation consultancy services are there?
  • How do I go about liquidating a company?


HMRC Debts advice

  • How does HMRC debt affect your business?
  • What are the penalties for unpaid HMRC debt?
  • Can unpaid HMRC tax debt force bankruptcy?
  • How do I find the right HMRC debt management and banking advice?


Director Duties

  • What are the key director responsibilities in insolvency?
  • How do I find the right guidance on my director duties in insolvency?



  • What is the purpose of a company administration?
  • What are the legal impacts of entering administration?
  • How do you find the right help with your administration process?

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Common Questions

Failing to seek HMRC debt help at the right time from licenced and experienced financial professionals can subject you to many business-related and financial-related setbacks. If you fail to reach an agreement with regards to your HMRC debt management within the given timeframe, HMRC will ask a range of specific questions about your business situation to ascertain whether you are capable of settling the amount owed or not. HMRC is looking to satisfy themselves that you are making arrangements to pay the debt in good time. HMRC takes an “Enforcement Action” in cases where they learn that an agreement to settle the HMRC tax debt cannot be reached. The action can come in a variety of different forms, including: - Forcing closure of your business - Filing a lawsuit against your business - Hiring the services of a licensed debt collection agency - Repossessing and selling your assets to recover the debt - Collecting the amount owed through your pension or earnings. The above enforcement measures explain why you need to seek help with your HMRC debt management issues as soon as possible. Contacting us here at The Insolvency Experts before the tax due date can help you to mitigate the dire consequences that could affect your business. Our insolvency practitioners for Manchester and around the UK have advised many clients on this process.

HMRC might impose penalties on your business for various reasons, including failure to file your tax returns on time. Late payment charges usually apply to any unpaid payments on your account. In most cases, fines start at £100 for each day delayed and can increase to a certain fixed percentage of the unpaid tax, which needs to be paid in addition to owed tax. HMRC can also charge you a penalty – often in the region of £3,000 – if their investigators determine that your business records are not sufficient. HMRC usually calculates the penalties depending on the amount of debt believed to have been unpaid through any error. HMRC might also push for penalties based on any previous year that they believe you failed to pay sufficient taxes. Penalties are generally levied depending on: - Deliberate tax evasion or fraud, including an attempt to conceal business assets - Failing to register your new business - Failure to register for VAT even after the firm turnover has reached the basic tax threshold; or - Failure to keep proper business records like debt records and indemnities. In the most serious cases, the penalties may also include criminal investigations, high court proceedings, escalations on the amount owed and even a custodial sentence. With this worrying range of penalties, our HMRC debt management and banking advice guarantee you affordable access to professional advice on any HMRC tax debt issue. The services we can provide will be a critical resource if HMRC decides to subject your business to any tax investigation. We are a trusted support during any tax issue or routine investigation that may be escalated further by HMRC, with the insight of an expert insolvency consultant able to provide you with a range of benefits during any penalty negotiation.

HMRC, under UK corporate law, may employ bankruptcy as one of the methods of dealing with tax debt defaulters. Bankruptcy also comes with various restrictions on what your business can do. Just like other commercial creditors, HMRC may decide to file a bankruptcy lawsuit against you for various reasons, including: - Failure by HMRC to recover the owed amount through methods like court proceedings or seizing assets - Failure to reach an agreement with the agency at the right time to pay - If you owe HMRC £5,000 or more In terms of helpful HMRC debt advice, you should know that in the above three circumstances, HMRC passes your file to the “EIO-Enforcement and Insolvency” office to take further action against your business. Once a bankruptcy order is issued by a court, HMRC appoints a Trustee who assumes possession of your business assets until you settle the debt. Once your file is received by the EIO office, they will send you a letter requesting you to pay the full amount within 14 days. In some special cases, EIO allows debtors to pay in instalments. Under such situations, EIO will ask you to pay in a lump sum and then settle the debt within an agreed period, usually less than 12 months. Any failure to pay the tax debt in a lump sum, or satisfy the payment plan, will culminate in EIO looking to begin bankruptcy court proceedings against you. The Insolvency Experts are ready to provide you with a range of crucial insights about HMRC debt management, bankruptcy proceedings and any other HMRC debt help with regards to HMRC tax debt.

If you have a problem paying your HMRC taxes, you need to engage the services of trusted financial experts to provide you with specialised HMRC debt management and banking advice.

If you fail to pay your tax rates in full, or you are unable to pay your taxes at all, HMRC will keep adding interest to the owed amount, as well as sending demand for payment. This is a worrying time for many companies, especially as failure to settle your corporate tax is likely to result in insolvency.

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Common Questions

A company administration has a clear focus in terms of the desired aims. An administration is often entered into when a business has increasing debts, with no resolution presenting itself, and the directors are currently struggling to keep the business going in its current state. It’s a very stressful time for directors, who often feel guilty for the situation of the business. An administration offers them hope that the business could not only survive but can even be made profitable again, so finding the right company administration advice is a great help.

Once your business enters into administration (as with CVAs) it ensures your company is protected from compulsory liquidation or other legal recourse. It places the control of your business into the hands of the licensed Insolvency Practitioner with the objective of steering your business back in the right direction. It’s important to remember that whilst you are handing the reigns over to the Insolvency Practitioner, they have to handle all the pressure and issues from creditors during this time period.

A company administration will halt any legal action against the company from creditors, giving the directors time to assess the business and get professional advice from an insolvency practitioner, with our insolvency practitioner Manchester services, as well as the rest of the UK, providing vital advice for many businesses. Many of the clients we deal with at The Insolvency Experts have sought our advice as they have had mounting pressure from HMRC, or trade creditors and our first thought is always administration and the question of can we help turn this business around?

When a company enters into administration, it is doing so under the intent to rescue the business so that the business avoids insolvency, so that it carries on trading. Here at The Insolvency Experts, we have helped many companies to find the company administration advice that they need in order to choose the ideal financial solution for their current situation.

Four key benefits of company administration that are worth considering are:

  • It gives the administrators (your Insolvency Practitioner) time to devise a rescue strategy
  • The company is protected from creditor action
  • It minimises the possibility of legal action against the directors personally
  • It endeavours to escape insolvency

Common Questions

In some instances, the business may enter into an administration process, which could then be unsuccessful. Entering liquidation would then be the result. Both administration and insolvency are entered into as the business is either unable to pay their debts when they fall due, or their liabilities are larger than their assets. Should you reach a point where neither insolvency or administration is a viable option, you will likely have to proceed with the liquidation of your company. Many businesses feel an administration is the way to go, but they may not meet the criteria. At this point, you need to find the best liquidation services to support you in the process.

Whilst the route to liquidation can either be a voluntary or compulsory process, the outcome is that your business is being wound-up and will no longer trade. Whether it’s your choice, or a creditor forcing your business into liquidation, we can provide you with the advice you need throughout the process. Going through the liquidation of a company can be a daunting task and very complex process – we suggest taking professional advice from an insolvency consultant to protect the business and its directors from significant implications. Here at The Insolvency Experts, we have provided UK company liquidation services for many years and can offer a great deal of expertise.

Whether the choice to liquidate was yours, or your creditors, it’s a daunting task and a very complex process. We suggest taking professional liquidation advice to protect the business and its directors from significant implications. Having the support of an expert in UK company liquidation ensures the best possible representation guidance at every stage of the process. To find out more about liquidation, and the different forms liquidation of a company can take, visit our What is Liquidation? page. This will offer you a range of additional information on how we can support our clients with UK company liquidation processes.

For anyone facing the liquidation of a company, it will no doubt have been a difficult process facing up to the reality that your company may need to cease existence due to unpaid debts. In the UK, company liquidation is a terminal proceeding, and is a method used to realise the assets of a company before it closes with a view to issuing distributions to creditors.

Key points that you should be aware of with regards to the liquidation of a company through professional liquidation services in the UK include:

  • The assets of the company are sold to make payments to creditors
  • After a liquidation, the business no longer exists in its current legal entity
  • You give up the company and insolvency practitioners seek to recover as much as possible to repay creditors
  • The company will be dissolved and cease to exist

Common Questions

Cash flow problems remain one of the key indicators of possible insolvency. Lack of cash flow is characterised by: - inability to pay VAT, PAYE and other taxes - loss of key customers orsignificant decrease in sales - regular outgoings exceeding your turnover - Company executives have a responsibility of knowing and understanding the - financial position of the business at all times. Every business wishing to succeed should have a working and efficient cash flow management system that can help you to forecast future cash flow needs and avoid business cash flow problems. A simple and routine cash flow assessment can help business owners to avert impending business problems like cash flow insolvency. The company directors and CEO have a responsibility review detailed cash flow and sales reports. A business moving towards insolvency is also at increased risk of losing key customers. Here at The Insolvency Experts, we have advised thousands of businesses on how they can avert cash flow problems. If your major clients suffer financial hardships, your business cash flow will in turn also be adversely affected. We encourage businesses to focus more on increasing their customer base rather than working with one or two customers only. We can advise on a range of different methods for minimising your risk of cash flow insolvency.

Problems with cash flow in your company can impact in a range of way. For example, failure to pay corporate taxes and PAYE negatively affects the overall operation of the business. HMRC requires every business to file and settle tax arrears on time. Based on the business cash flow, you may be required to file your tax returns on monthly, quarterly or yearly basis, although this may be more strictly stipulated if you face business cash flow problems. HMRC expects you to file tax returns and make payment within seven days after the end of your tax period. HMRC has the power to take a range of measures with businesses who fail to file and pay their VAT within the stipulated timeline: If it is your first time to default, you will receive notification but nofinancial penalty If your business continues to pay VAT late, it will receive a surcharge each time Unfortunately, the financial penalties applied by HMRC may further complicate the cash flow problems being experienced by your business. It is worth noting that regardless of the circumstances of your cash flow insolvency, however unforeseen or out of your control the situation may be, these HMRC penalties will still apply. In terms of other risks related to business cash flow problems, most companies have a range of creditors and suppliers who are owed varying degrees of money at any given time. If you have an ongoing debt with one or several of them due to cash flow insolvency, they may be entitled to bring a winding up petition against you.

Here at The Insolvency Experts, we are ready to help you deal with any business cash flow problems that can result in your business being declared bankrupt by HMRC. We have the necessary expertise and experience to help you identify the main causes of cash flow issues in your company and help you come up measures to seek to resolve the problem. There are a number of ways that you can fix cash flow problems, including making savings through debt repayments plans with creditors. We are here to help to get your business back on the right path. Fixing cash flow issues as soon as possible will help ensure your business manages its debts efficiently and avoids insolvency action from creditors. As a leading option for insolvency practitioners Manchester, and many other locations around the UK, here at The Insolvency Experts we recommend various solutions to cash flow issues, such as: - Leveraging business assets or considering other forms of borrowing - Managing the levels of stock to avert excessive amount of inventory - Charging interest on late payments and reclaiming the expenses of recovering debt - Establishing an efficient credit control system that is operated by experts.

It is not unusual for companies to experience cash flow difficulties from time to time. This is something that we come across and advice upon frequently. The key to resolving such issues, is to address them early by seeking our help. If your company is experiencing cash flow problems, you extra are also likely to find it hard to pay VAT revenues and meet other financial obligations. Failure to pay corporate taxes on time will raise a red flag to HMRC.

They may perform a tax inquiry and subject your business to cash flow insolvency. As a consequence, you should seek professional advice to avoid the detrimental consequences of failing to settle your tax arrears within the timeline provided by HMRC. The Insolvency Experts have helped many firms with business cash flow problems. Our insolvency practitioners are licensed and have the required expertise and experience to help come up with a robust VAT debt management plan.

Why Choose Us?

We understand you have already made every effort to avoid insolvency and day to day life is stressful at the moment. We can start immediately and quickly work with you through the process.

We see many examples of great businesses that have fallen on hard times or suffered through no fault of their own.

We understand that the company directors and shareholders have already tried valiantly to carry on trading, but circumstances dictate that this is no longer possible.

  • We Remove Stress
  • We Act Quickly
  • We Are Cost Effective
  • We Are Formally Accredited
  • We Are CVL Experts
  • We Act Confidentially

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