Inability to pay any company debt now or in the future?Value of the company assets less than the amount of its liabilities? If the answer is ‘yes’ to either of the above, then it’s likely the company is trading whilst insolvent and the support of a licensed Insolvency Practitioner (like ourselves) is needed.  An Insolvency Practitioner understands the reasons for company insolvency and how to su…

Greenfield Recovery Ltd is a firm of licensed Insolvency Practitioners who specialise in company restructuring & insolvency solutions across the UK.  We adhere to the Insolvency Code of Ethics and our Insolvency Practitioners are regulated and licensed to provide company restructuring & insolvency services. Each of our Insolvency Practitioners will have passed the Joint Insolvency Examina…

What is a CVA? A Company Voluntary Arrangement (CVA) shelters insolvent companies (via a moratorium) from their creditors and allows directors and owners to maintain management control; whilst working towards a company turnaround.   Licensed insolvency practitioners such as ourselves will negotiate what is in effect, a payment plan with all creditors, within a month of being appointed for a CVA.…

When faced with company insolvency and where potential buyers for the business & assets are readily identified, a process known as a pre-pack (or pre-pack administration) can be agreed in principle before a formal insolvency process begins (a pre-pack is a precursor to a company administration).  Via a pre-pack, the business can be sold as a going concern.  Pre-Pack Administration Benefits …

What does administration mean?    For a viable company that’s struggling with company insolvency, a company administration can be a catalyst for change; a lifeline to corporate turnaround.    Company administration benefits The rescue process will potentially save jobs as well as protect directors from any exposure to wrongful trading risks.  Frequently, as a result of corporate turnaround…

Aerial Painters Limited. A bespoke, specialist service provider that painted and maintained radio masts, plus other large structures of up to 400m.   As one of only four providers in the market place, the director had built up a good client base including ‘blue chip’ companies.  One significant contract being the preparation of masts for the digital switch over. Unfortunately, bad debt and payme…

As friendly, caring and licensed insolvency practitioners we aim to share the burden you may be feeling as a director or owner of a company dealing with financial distress; a situation more common than you may realise. With offices UK wide including London and Birmingham, our experienced and innovative team will work with you to understand your position and we will help to tailor a solution to ac…

This notice sets out the principles upon which we receive and process personal data in relation to insolvency appointments and provides information we are required to disclose pursuant to the General Data Protection Regulation (GDPR). The name and contact details of our organisation The Data Controller is Greenfield Recovery Limited of Trinity House, 28-30 Blucher Street, Birmingham B1 1QH. W…

Assistant Insolvency Manager Day to day management of a portfolio of cases from cradle to grave including Administrations, Liquidations and Bankruptcies. Reports directly to Insolvency Practitioners / Partners on agreed case strategies and progress towards. Manages insolvency team effectively and develops their technical and practical skills for the benefit of the individual and wider firm. …