Belfast Company Insolvency Help
Welcome to Begbies Traynor Group Belfast. We are a group of licensed insolvency practitioners and business rescue professionals in Belfast helping company directors and their advisers with business recovery solutions.
Lawrence O’Hara has extensive knowledge and expertise in both corporate and personal insolvency. He heads up our office in Belfast which helps individuals and organisations across Northern Ireland deal with debt problems and financial distress.
Our Belfast team has leading experts in all aspects of business rescue and recovery, we understand the options available to financially distressed companies and their directors and can best advise on the optimum solution.
With many years of experience working with heavily indebted companies, we also know what a strain these situations can be for directors and our services are based on providing precisely the support and guidance that’s needed under such circumstances.
There are no quick fixes to financial difficulties but with the right advice, individual directors can help themselves and their companies avoid the worst possible outcomes and plan a route forward to a more sustainable future.
If you are struggling to fend off creditors and you’re concerned that your options are narrowing or if you’re an adviser to a business in difficulty, call Lawrence at Begbies Traynor Group in Belfast to find out how we can help. We can arrange a free initial consultation at our Belfast office on Donegall Square or at another location convenient to you.
A Members’ Voluntary Liquidation (MVL) is a formal company closure process for solvent companies. Although liquidation is often associated with insolvent companies, this route is designed for healthy, cash-rich businesses with a substantial amount of retained profits. The MVL process consists of distributing funds in a cost-efficient manner to shareholders, and if eligible, you may be able to access Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief. If you can settle liabilities within 12 months and your business consists of £25,000 or more in retained earnings, an MVL may be the route forward.
