Augusta Kent is an independent Insolvency Practice based in Canterbury serving clients and professionals across Kent, London and the UK. We provide comprehensive insolvency advice and services to our clients and work collaboratively with finance and legal professionals to enhance their client offer with insolvency expertise. Combining specialist expertise with a commercially focused approach, we develop bespoke strategies for our clients: from businesses and individuals to company directors, shareholders and creditors.
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Augusta Kent is an independent Insolvency Practice based in Canterbury serving clients and professionals across Kent, London and the UK. Augusta Kent Directors, Andrew and Sarah Hawksworth, are fully licensed Insolvency Practitioners who founded the firm in 2007 based on the principles of serving the local business community with quality insolvency advice.
Augusta Kent is an independent Insolvency Practice based in Canterbury serving clients and professionals across Kent, London and the UK. Solvent Liquidations, also known as Members Voluntary Liquidations or MVLs, can be used for corporate businesses (including limited companies and LLPs) that have ceased trading to enable tax efficient separation of business assets for tax planning purposes.
What makes a technical definition a business or personal asset threatening reality is the ability of the company to service its debts and meet the demands made on its cashflow. In reality, it can be more about maintaining the amount of money that it owes to its creditors without building debt becoming a downward spiral.
The first port of call when considering regaining control and depressurising your company's financial situation. This is where you come to an informal agreement with specific creditors over outstanding debts owed to them. This could take the form of rescheduling payments over an agreed period of time, perhaps longer than the creditor would ideally prefer, in a way that the business can afford and creditors get paid.
At Augusta Kent, we have extensive experience of all types of liquidations - whether acting as court, creditor or shareholder appointed liquidators. We also have extensive experience of selling the businesses goodwill and assets out of Liquidation to an interested party for more than would be achieved if the Company had ceased to trade.
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