Northpoint

Refinancing - Reviewing the financial structure of the business and assist with a refinancing process if appropriate.

Recovery / Restructure - Many businesses that fail could have been saved if specialist advice had been sought in time. A typical rescue will include understanding the immediate financial position, managing urgent issues, talking to key stakeholders, understanding the business, assessing viability, preparing a recovery plan and implementing it.

Company Voluntary Arrangement - A "CVA" is a structured procedure for viable but debt ridden companies where directors stay in control. A Proposal is made to creditors for the delayed/reduced payment of debt. If accepted by 75% of creditors who vote it binds all creditors.

Administration - An Administrator takes charge with powers to remove directors, manage the business, cease trading and sell the business and assets. Proposals are made that may include a rescue or a wind down. An Administration "Phoenix" or "Pre-pack" involves the directors or a third party buying a business shortly after insolvency to continue the business.

Creditors Voluntary Liquidation ("CVL") - For insolvent companies requiring closure the procedure is a CVL, initiated by directors. A liquidator realises assets and distributes funds as well as a range of statutory matters to wind up the affairs of the company.

Law of Property Act ("LPA") - An "LPA Receiver" is appointed over a specific property asset with powers to manage and sell the property.

Strike Off / Dissolution - In certain situations a company can proceed direct to removal from Companies House. However, advice in advance is vital to make sure it is feasible on a case by case basis.

Members Voluntary Liquidation ("MVL") - Advice and support in a solvent liquidation where all creditors are paid in full leading to the dissolution of the company.