Whether you or your business have become insolvent or are being directly affected by someone else's financial trouble, both situations require expert and experienced advice. The insolvency and reconstruction group at Vincents aims to design the most appropriate insolvency solution, in each and every matter.

voluntary administrations

Voluntary administrations are most commonly triggered when the director of a company realises that the company is insolvent or is likely to become insolvent. To avoid personal liability and reduce the chances of creditors acting to the detriment of the company, a director can take the early initiative to save the company and appoint an independent administrator. Vincents are experienced in the:

• management of the voluntary administration process
• thorough investigation of a company's financial circumstances
• development of strategies that will enable the maximum return to creditors
• development of strategies to gain support of secured creditors
• maintenance where possible of existing businesses or business activity
• development of workable recommendations and advice to directors for the company's future
• provision of advice on the company's position and potential exposure in relation to insolvent trading

receivership administrations

A receivership arises when a company is having liquidity problems. This could be indicated by the company's financial statements showing continual losses or the failure to meet loan repayments. Vincents has:

• extensive experience in running receivership administrations
• the ability to cover a wide range of scenarios to sell off and close down across varied industries
• a pragmatic approach to providing hands-on management assistance
• partners and senior associates involved in the day-to-day conduct of every administration, resulting in concise decision making and cost-effective outcomes for appointors