Results for : insolvency

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Company Insolvency
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…

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Licensed Insolvency Practice
Greenfield Recovery Ltd is a licensed Insolvency Practice 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 the above Insolvency Practitioners will have passed the Joint Insolvency Examination …

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Restructuring & Insolvency Team
Managing Director Name:  Richard TillRole:  Managing Director of Greenfield Recovery LtdExperience: More than 30 years of restructuring and insolvency experience. Contact Richard | LinkedIn   Partners & Insolvency Practitioners, Birmingham Name:  Esther PaulRole:  PartnerExperience:  Over 19 years insolvency experience. Previously managed a wide variety of corporate cases, main…

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Pre-Pack Administration
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.  At its start.. The sale of busin…

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Company Administration
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…

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Company Administration Case Study
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…

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CVA
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.…

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Directors & Owners
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. Our experienced and innovative team will work with you to understand your position.  We will help to tailor a solution to achieve the best outcome for your company, its employees a…

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Insolvency Privacy Notice
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…