Founded in 2012, Absolute Recovery is developing a reputation for knowledgeable and uncompromising advice - assisting directors across a wide variety of sectors, financial institutions and professional advisers. We pride ourselves and the company on providing a range of insolvency advice, services and procedures in an open, honest and expert way.
If you are looking to save your company we are here to listen. Our experienced and qualified staff have extensive knowledge and experience in providing business recovery, liquidations, insolvency and personal debt solutions for business and individuals. Whatever the size of your company, if your business is in difficulties whether it is new, recently formed or well established we offer the same high levels of service and dedication.
If you are looking to save your company we are here to listen. Our experienced and qualified staff have extensive knowledge and experience in providing business recovery, liquidations, insolvency and personal debt solutions for business and individuals. Whatever the size of your company, if your business is in difficulties whether it is new, recently formed or well established we offer the same high levels of service and dedication.
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Insolvency can be defined in two ways; your company is insolvent if its liabilities exceed its assets, or if it is unable to pay its debts as and when they are due. Numerous companies trading in the UK at present may find themselves in an insolvent position but many may still be viable businesses that are suffering from short term cash flow problems.
A Members' Voluntary Liquidation (MVL) (or Solvent Liquidation) enables shareholders to put a solvent company into liquidation in order to unlock their capital. It can be used to secure an orderly winding up of a company or to close down a subsidiary (within a group of companies) that has outlived its usefulness.
Compulsory Liquidation is not an outcome that would come out of the blue. It is the inevitable conclusion of a company failing to meet its liabilities and thus becoming insolvent. The business is no longer viable and a Creditor has petitioned for the Company to be wound up due to continual non-payment.
Founded in 2012, Absolute Recovery is developing a reputation for knowledgeable and uncompromising advice - assisting directors across a wide variety of sectors, financial institutions and professional advisers. Our office benefits from our expertise and reputation - and we seek imaginative solutions for the benefit of all stakeholders.
A CVA is a formal process enabling a compromise to be entered into between a Company and its Creditors, based on a vote passed by a majority of Creditors more than 75% of those voting on the proposal. Although a Company must be regarded as insolvent/contingently insolvent, the appointed Insolvency Practitioner should be satisfied that the business is a 'going concern' operating under fundamentally sound practices.
