Formal Insolvency for Businesses

Telephone: 01924 263777

"It is without doubt that there is still a stigma attached to the word “liquidation” and the shadow of failure it casts and for many who find themselves facing this due process, it is also a time of vulnerability for all those involved.

The team at Booth & Co have perfected the balance required to deal with these cases, blending a mix of professionalism, know-how and the empathy needed to guide the business owner and directors through the process appropriately. "
Claire Lawton, Jolliffe Cork Accountants, Wakefield

When a formal insolvency is required, a range of options are available to Company Directors such as Administration, Liquidation and Company Voluntary Arrangement. Every situation is different and we can explain and advise on all the options.


When a company is insolvent, the Administration procedure can be used to provide protection from pressing creditors whilst a rescue plan is formed.

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These are the 3 main types of Liquidation:
•    Creditors’ Voluntary Liquidation
•    Compulsory Liquidation
•    Members Voluntary (solvent) Liquidation

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A CVA is a formal, legally binding agreement between an insolvent company and its creditors.  It is a powerful and flexible insolvency procedure that…

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