Stoke Company Insolvency Help
Welcome to Begbies Traynor Group. We are a group of licensed Insolvency Practitioners in Stoke offering rescue or closure options to both companies and individuals.
Begbies Traynor Group can assist company directors, shareholders and other individuals affected by insolvency across the Staffordshire region from our office in Newcastle-under-Lyme. The Stoke office is led by licensed insolvency practitioner Michaela Daly.
Knowing precisely which path to take when your company is facing financial distress can be a huge area of concern. At Begbies Traynor Group we have an outstanding track record of delivering reliable and actionable advice that helps companies and their directors deal with insolvency issues appropriately and confidently.
Key to our service is our understanding that directors of companies facing financial distress need straightforward guidance and practical answers to specific questions. With that in mind, our highly experienced practitioners throughout the UK are able to provide valuable support which makes a significant difference as to the eventual outcome.
Our priority will always be to try and save a company should this be a viable prospect; however, when closure is the only realistic option, we can effect an orderly shut down of the business minimising the fallout to creditors and shareholders as much as possible.
If you are currently feeling pressured by creditors and you’re concerned at your ability to satisfy their demands, the sooner you get advice on your options the stronger your business is likely to be in the longer term. Call any Begbies Traynor Group office today to arrange a free initial consultation and to discuss your issues in complete confidence.
Alternative local offices include Birmingham, Nottingham and our Head Office in Manchester.
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.
