We are an independent practice of licensed insolvency practitioners, offering a discreet, specialist advice to other professionals and/or their clients, as well as non-trading individuals. In addition to the full range of formal insolvency proceedings, we undertake ad hoc assignments, confidential business reviews and act as formal and informal arbitrators. We take instructions from banks, accountants, solicitors, directors, partners, sole traders and creditors.
We also offer proper professional advice to individuals – trading and otherwise – who otherwise might fall prey to the plethora of unlicensed, ‘debt advisors’, commonly found lurking in the Sunday supplements and whose advice is often more about what is best for the advisor rather than the individual or the company concerned. Such advisors will commonly not advise of all of the options available, or tell ‘horror’ stories about what might happen to people if they take a certain option, such as bankruptcy.
We have worked with a diverse range of businesses, including steel stockholders, high-class fashion boutiques, construction, transport, IT, and all types of retailers and wholesalers, traders and non-traders and - a particular specialism of Barry Ward’s - professional football clubs.
The philosophy of the firm is to offer a bespoke service, as we recognize that each case is different and we will always endeavour to tailor the solution to a specific set of circumstances. We look, wherever possible, to avoid formal insolvency proceedings, thereby minimising costs and helping to preserve goodwill by avoiding adverse publicity.
We are also very much aware that insolvency, whether corporate or personal, is not just a purely financial matter and for many people, it is a once in a lifetime period of stress and emotional trauma and may lead to, or exacerbate, other problems or issues in people’s lives. We believe that in order to properly advise, we must take these factors into account and, furthermore, ensure that people are dealt with using an appropriate degree of tact and sensitivity.
We therefore undertake to:
- Ensure genuine day-to-day control of partners throughout the lifetime of each case, not just at the outset;
- Provide the best advice we can for the individual or company concerned, rather than the course of action that best suits the so-called ‘advisor’.
- React quickly to the needs of individuals, companies and their professional advisors;
- Recognize that insolvency can be a traumatic time for the individuals involved and so deal tactfully, discreetly and independently with any such issues as may arise.
