Corporate Insolvency Advice & Restructuring

The nature of insolvency proceedings are such that the sooner Wilder Coe LLP is consulted, the more options will be available.

The services we offer include the following:-

• Administration
  Administration is a procedure which places a company under the control of an Administrator either at the instigation of the company or its creditors. Its purpose is to rescue the company as a going concern, or achieve a better result for the creditors as a whole than liquidation.

• Administrative Receivership
  An Administrative Receiver is appointed by a secured creditor, placing the company into a formal state of insolvency in order to principally protect the position of the secured creditor and that of the creditors. The Administrative Receiver, has wide powers to continue trading, and if possible, to sell the business as a going concern.

• Turnaround
  Some businesses have short term problems because of unforeseen events which require specialist assistance to plan a way forward.

  We are able to provide restructuring and refinancing services to both growing and under performing businesses. In particular Norman Cowan is a member of the Turnaround Management Association.

• Company Voluntary Arrangement
  A Company Voluntary Arrangement is where trading continues and a repayment scheme is agreed with creditors. This is legally binding, and aims to allow the business to survive as a going concern, or achieve a better realisation of the company’s assets. This procedure can allow creditors to accept a payment of less than 100p in the £ of their debt

• Liquidation
  For the company that cannot be saved because it is insolvent, we will undertake the necessary procedures to place it into creditors voluntary liquidation. At the same time inform the directors of their position and duties in this respect.

• Members Voluntary Liquidation
  For the company which is solvent and where the shareholders wish to distribute all remaining assets, we will place the company into Members Voluntary Liquidation, which provides an orderly wind up of its affairs.

• Restructuring of a Company prior to Sale
  We work closely with solicitors to effect a transfer of assets prior to a sale, under Section 110 of the Insolvency Act 1986, by way of a Members Voluntary Liquidation.

Key Contacts:-

Norman Cowan FCA FABRP MCIArB MEWI
Email: norman.cowan@wildercoe.co.uk

Tel: 01438 847200
Fax: 01438 847150