Colchester Company Insolvency Help
Welcome to Begbies Traynor Group Colchester. We are a group of licensed Insolvency Practitioners in Colchester offering services to help companies with either rescue or closure options.
Welcome to Begbies Traynor Group Colchester – previously CVR Global. We are a group of licensed insolvency practitioners providing assistance to companies and individuals facing financial distress.
Our Colchester team have a wealth of experience assisting sole traders, company directors, shareholders, as well as individuals, navigate their way through their toughest times. The team have an enviable collective experience within corporate insolvency, meaning there is nothing they haven’t seen before. Regardless of how bad you feel your situation is, rest assured that there is a solution out there that can help.
It is an unfortunate fact that many businesses will experience some form of financial distress at some point. For some this may be a short-term squeeze on cash flow which is quickly remedied, while others will end up in an insolvent position which requires the help of a formal insolvency solution. This is where we can help.
Just as no two businesses are the same, neither should be the solution. We will treat your company as the individual entity that it is, ensuring we get to the root of the challenges being faced allowing us to objectively assess the ongoing viability of the business.
We will always work towards the most appropriate outcome for your business, whether that is a full-scale restructuring of the company, refinancing and renegotiating existing liabilities to improve cash flow, or else bringing the company to an orderly end through a voluntary liquidation procedure. Our team will fully explain the ins and outs of each process, allowing you to make an informed decision based on what is best for your company and its creditors.
Our offerings are not just limited to matters of insolvency; our wider advisory options include forensic accounting and a pensions advisory service and are both available in-house within our Colchester office.
Our Colchester office is one of a nationwide network of Begbies Traynor Group locations spanning the length and breadth of the country, including nearby offices in Ipswich and Southend.
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.
