Our services
Our licensed insolvency practitioners are experts in guiding businesses towards positive outcomes, equipping them with the tools to survive and even thrive.
Services we offer
We’re dedicated to providing expert insolvency solutions that help businesses survive in challenging times. We’ll work with you to explore positive alternatives to closure and develop a strategy that could save your business.
These are our most common services. To speak to us about your individual business needs, please contact us using the options below.
Company Administration
Company Administration and Pre-pack Administration are used to rescue a company that’s insolvent now but may be profitable in the future.
Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement (CVA) is the formal process of freezing historic debts in order for a company and its creditors to come to a new agreement.
Cash-flow problems
When we’re approached by a business that’s suffering from cash-flow problems, we like to deal with the source of the trouble, not just the latest issues.
HMRC debt management
We’ve helped 1000s of limited companies deal with their HMRC and business debt management in a fast and cost-effective way.
Business insolvency
FA Simms specialises in providing essential help and advice on business insolvency to micro-, small- and medium-sized companies in the UK.
Sole trader insolvency
An Individual Voluntary Arrangement (IVA) is a contractual agreement between you and your creditors regarding new payment terms for outstanding debts.
Pre-pack Administration
If you have a core business that works, a pre-pack administration could save it – and leave behind your old company’s debt.
Business rescue
It’s normal for a business to experience financial challenges. If these are causing you worry, we could ease the burden and get you back on track.
Bankruptcy
Bankruptcy is a formal declaration of insolvency but made by an individual, rather than a company. It’s used if you’re unable to pay existing, unsecured debts.
Creditors’ Voluntary Liquidation (CVL)
A Creditors’ Voluntary Liquidation (CVL) is an insolvent liquidation process. The company is closed. Its assets are turned to cash and used to pay creditors.
Members’ Voluntary Liquidation (MVL)
A Members’ Voluntary Liquidation (MVL) is an easy way to close a solvent business. Any assets are quickly liquidated and the cash distributed tax-efficiently.
Compulsory Liquidation
Compulsory Liquidation is the court-ordered liquidation of a company. It’s generally a last resort initiated by a creditor who want to get their money back.
Start Afresh Liquidation
This service is unique to FA Simms. We enter an insolvent company into Creditors’ Voluntary Liquidation (CVL) but use it as a business rescue process. The director of the company purchases its goodwill and assets to go forward and trade within a new company.
No Asset Liquidation
As the name suggests, if you have no assets to liquidate this is the most economical way we can close your business for you. With a fixed-fee quote and free advice, our aim is to make this process as smooth as possible.
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