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When Do You Need a Licensed Insolvency Practitioner?

Anderson Brookes Insolvency Practitioners help directors close limited companies with debt quickly, legally and with expert guidance every step of the way.

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Situations When a Licensed Insolvency Practitioner is Essential

Knowing when to involve a Licensed Insolvency Practitioner (IP) can be difficult, especially when managing day-to-day business pressures. However, recognising the right moment is crucial, as early intervention typically provides more choices and better outcomes for directors, creditors, and employees alike.

ScenarioExplanation
Constant Cash Flow ChallengesYour business consistently struggles with payments to suppliers, staff wages, or essential bills, signalling deep-rooted financial issues.
Increasing Pressure from CreditorsCreditors escalating their actions by issuing legal notices, CCJs, or bailiffs becoming involved.
Mounting HMRC DebtUnresolved tax, VAT, PAYE, or National Insurance arrears causing HMRC to consider enforcement actions like winding-up petitions.
Exploring Closure OptionsYou’re actively thinking about formally closing your insolvent company, needing advice on the correct procedure such as Creditors’ Voluntary Liquidation (CVL).
Debt Negotiations and RestructuringYou require structured debt repayment plans or formal insolvency arrangements like a Company Voluntary Arrangement (CVA).
Risk of Wrongful TradingDirectors risk personal liabilities or potential allegations of wrongful trading if they continue to operate the business whilst insolvent.

A Creditors' Voluntary Liquidation or CVL is the most common way of closing a company with debts. This is how you would work with one of our licensed Insolvency Practitioners

Testimonials

Our clients praise our professionalism, reliability, and the exceptional support we provide during challenging times, helping thousands of company directors through insolvency, liquidation, and business debt solutions.

"We had the unpleasant, highly stressful experience of being the Directors of a business that was beyond help, despite our best efforts. Jon was absolutely brilliant, going way above and beyond. Not only was Jon a professional, knowledgeable person helping us go through the process of a liquidation, but he was also a safe pair of hands, and an empathetic voice to discuss even the tiniest detail with. He never rushed us, he used language that we understood and he was an excellent communicator. Jon made a very stressful, upsetting time feel manageable and in control."
Madeleine Cole
"It has become very unfortunate that the company has had to go into administration. Anderson Brookes have bee efficient, reactive to our needs and totally communicate every step of the way. The experience whilst personally been painful to have to make such a decision, the company dealing with these affairs have acted professionally and been responsive to our questions."
Derek Clarke
"Fantastic service and company from start to finish. Isabel Cross looked after my case she was very informative, professional, reassuring and reliable. I cannot thank you enough!"
Marianne YatesCEO
"From the first call I received from Anderson Brookes I was very impressed with how friendly and professional they were. I agreed to take them on to liquidate my company and very pleased with my decision. All done and dusted in very quick order."
Lynne BullCEO
"First Class Company, Friendly, Knowledgeable, Caring, Most Helpful And Give Great Peace Of Mind. They Took All The Worry And Weight Off My Shoulders And Gave Me Great Peace Of Mind To Let GoOf My Problem. Thank You Ever So Much Rebecca Marsden And Her Team.
Ray Gowrie
"Amazing company who conducted our liquidation very thoroughly and professionally, I was fortunate enough to have Jon Rudd as my case manager who helped me every step of the way. Highly recommended and a big thank you to you Jon!"
Lewis Beaumont
"With the help of Anderson Brookes I now have a massive weight of my shoulders. They were very helpful from start to finish."
Andrew Colley
"Great service. I wish I got in touch earlier. I'm finally getting some proper sleep. Thank you to Emmie and the team 🙏"
Vie Sidibe
"I used Anderson Brookes when I got into bother with my ltd company. After getting other prices and talking with different companies I felt happiest with these. Great service helped throughout and any questions I had (I had a lot) they were more than happy to answer and put my worries at ease. Top marks thank you to everyone that has helped"
Luke Singleton
"I was assisted every step of the way by Rebecca and her team. Eddy was very helpful through the entire process. I would highly recommend Anderson Brookes to anyone going through a similar situation to me."
James Cockney

Why Early Advice Matters: A Practical Example

Consider a typical scenario: ABC Ltd experienced significant cash flow difficulties but delayed seeking advice. By the time they contacted an insolvency practitioner, creditor actions were already advanced, reducing their available options. Had ABC Ltd acted earlier, they might have arranged a more favourable repayment plan through a CVA, safeguarding key supplier relationships and preserving parts of the business.

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Insolvency Myths: Debunking Misconceptions

MythReality
An IP immediately means business closure.Many IP-led solutions aim for rescue or restructuring rather than closure.
Directors always face personal liability.Early and compliant actions significantly reduce personal risks.
An IP means I lose control immediately.IPs collaborate closely with directors to manage and guide through insolvency processes.

 

Advantages of Engaging a Licensed Insolvency Practitioner

Working with an experienced Licensed Insolvency Practitioner like Rikki Burton ACA at Anderson Brookes ensures:

  • Legal Compliance: Expert handling of insolvency law to protect directors from personal liability.

  • Clear Strategy: Personalised advice on insolvency options tailored to your company’s needs.

  • Reduced Stress: Professional management of creditor negotiations, communication, and formal procedures.

  • Asset Maximisation: Careful handling and realisation of assets to improve outcomes for creditors and reduce director exposure.

Immediate Warning Signs: When to Act Now

Contact a Licensed IP immediately if:

  • You receive an HMRC winding-up petition

  • Creditor demands intensify and become overwhelming

  • Immediate cash flow solutions fail

  • Directors receive personal legal threats

 

Book a free consultation with our IP

Take Control with Expert Advice

If you’re facing any of these scenarios, Rikki Burton ACA and the experienced team at Anderson Brookes offer confidential, practical advice tailored to your needs. Act early to secure better outcomes and protect your interests.

Free Consultation Available:
Email: advice@andersonbrookes.co.uk
Phone: 0800 1804 933 (freephone)

Contact us now and confidently navigate through your business challenges.

Closing a Limited Company with Debts?

Fast and Stress-Free Solutions.

Start closing your limited company today. Placed into liquidation within 8 days. We fully understand that timing is critical.

Worried about your Bounce Back Loan?

Need to close your limited company? Speak to an expert who’s helped thousands do the same – even with company debts or creditor pressure.

Stop Creditor Pressure

Getting constant calls from creditors? Closing your company through liquidation can give you the relief to move forward.

Directors: Avoid Risks When Winding Up Your Company

We guide you, simply, honestly. Let us handle everything.

Steven Kendall-Torry
Steven Kendall-Torry
Having to shut down your business is a very emotional and scary journey and although you think you’ve done everything correctly there’s always something you get wrong , small print , and rules one is unaware of which can surprise bite you on the bum and ruin your day ! We were fortunate to have Laura , Katie and the background Riki who considering they have a fairly thankless job to do they were always polite , very patient , and as helpful as they could be considering they generally were giving bad news which was rarely expected or welcome. Altogether they were good listeners and helpful we had to understand they still had to follow rules and a job to do and they managed the balancing act extremely well. Many thanks
Madeleine Cole
Madeleine Cole
We had the unpleasant, highly stressful experience of being the Directors of a business that was beyond help, despite our best efforts. Jon was absolutely brilliant, going way above and beyond. Not only was Jon a professional, knowledgeable person helping us go through the process of a liquidation, but he was also a safe pair of hands, and an empathetic voice to discuss even the tiniest detail with. He never rushed us, he used language that we understood and he was an excellent communicator. Jon made a very stressful, upsetting time feel manageable and in control.
Harvey J
Harvey J
Efficient and Professional Experience Two words to describe the experience: efficient and professional. No doubt you can appreciate that it’s a very stressful time for directors, but from my initial telephone conversation with Mike, and the decision to enter into a CVL, the process from start to finish was completed within two weeks. In addition to Mike, I would also like to mention the professionalism of the two other members of the AB team, Steve and Emmy. Worth mentioning as well that, where it was possible, the lines of communication were via WhatsApp which again massively improved and streamlined the whole process.
Derek Clarke
Derek Clarke
It has become very unfortunate that the company has had to go into administration. Anderson Brookes have bee efficient, reactive to our needs and totally communicate every step of the way. The experience whilst personally been painful to have to make such a decision, the company dealing with these affairs have acted professionally and been responsive to our questions.
Vie Sidibe
Vie Sidibe
Great service. I wish I got in touch earlier. I'm finally getting some proper sleep. Thank you to Emmie and the team 🙏
Andrew Colley
Andrew Colley
With the help of Anderson Brookes I now have a massive weight of my shoulders. They were very helpful from start to finish.
Lynne Bull
Lynne Bull
From the first call I received from Anderson Brookes I was very impressed with how friendly and professional they were. I agreed to take them on to liquidate my company and very pleased with my decision. All done and dusted in very quick order.
Ray Gowrie
Ray Gowrie
First Class Company,Friendly, Knowledgeable, Caring, Most Helpful And Give Great Peace Of Mind. They Took All The Worry And Weight Off My Shoulders And Gave Me Great Peace Of Mind To Let GoOf My Problem. thank You Ever So Much Rebecca Marsden And Her Team.
Andrew P
Andrew P
They are amazing in what they do, affordable fees compairing to other brookers, helped me with a LTD insolvency, i am over the moon with their services, would highly recommend. They are really knowledgable and straight forward.
Lewis Beaumont
Lewis Beaumont
Amazing company who conducted our liquidation very thoroughly and professionally, I was fortunate enough to have Jon Rudd as my case manager who helped me every step of the way. Highly recommended and a big thank you to you Jon!
Jaspreet Singh
Jaspreet Singh
Mr Rikki Burton and team are very professional, efficient and patient. The work conducted was very smooth and the transition Was without any hiccups. They gave time to put evidences upfront to support the liquidation. Great communication and highly recommended.
Luke Singleton
Luke Singleton
I used Anderson Brookes when I got into bother with my ltd company. After getting other prices and talking with different companies I felt happiest with these. Great service helped throughout and any questions I had (I had a lot) they were more than happy to answer and put my worries at ease. Top marks thank you to everyone that has helped
James Cockney
James Cockney
I was assisted every step of the way by Rebecca and her team. Eddy was very helpful through the entire process. I would highly recommend Anderson Brookes to anyone going through a similar situation to me.

Contact us today

As licensed insolvency practitioners, we provide regulated business debt advice and support for company directors.