Insolvency Case Studies
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The debtor approached BCR during March 2014 with debts amounting to £36,000 and enforcement action from HM Revenue & Customs including a distraint over personal and business assets. The debtor was 62 years of age and sole owner and publican of a free house in…
Read More...The directors of a local company approached BCR when they decided to sell their business and retire. They sought our help to extract the cash and minimal assets (amounting to almost 2 million pounds) in the most tax efficient manner. BCR recommended placing the company…
Read More...The following is a statement from one of our clients, Paul C. Tyers, which illustrates BCR’s expertise in commercial maintenance liquidation. In July 2015 I (as the sole share holder and Director of Charles Ross Contractors Ltd) realised that financially it could not continue trading. This…
Read More...The following is a statement from one of our clients which demonstrates our expertise in members voluntary liquidation. BCR were recommended to me by my accountant when I was looking to close / liquidate my 10 year old business. I met with Phil and subsequently…
Read More...The following statement is an example of our work involving creditors voluntary liquidation. I would like to take this opportunity in thanking you both for your help over the past 6 months. When I first made the telephone call to the office it was quiet difficult…
Read More...The debtor approached BCR during January 2010 with debts amounting to £44,000. He had minimal equity in his house and little by way of assets. Whilst the debtor was entitled to petition for his own bankruptcy, he wanted the opportunity to pay back what he…
Read More...The following is an example of BCR’s specialist knowledge of member voluntary liquidation, also known as solvent liquidation. The directors had sold the core business in order to start a new venture. Having taken advice they decided to use an MVL in order to extract…
Read More...The following is another case study focusing on company voluntary liquidation. The business was established in 1982 and had developed into a successful manufacturer of timber processing equipment. The company continued to grow and in 2,000 moved into a purpose built plant to process more…
Read More...The following case study demonstrates our knowledge of liquidation. The company had operated a successful business for over 50 years with a strong customer base that included many overseas companies. However, they started to experience bad debt problems together with a large insurance claim and a…
Read More...A Stoke-on-Trent based retail home store consulted BCR as they realised that what they had thought was a temporary drop in trade had become a long term decline. BCR tried hard to find ways of turning the business around as it was clear from the…
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If your business is in trouble - if you are facing creditor debts, HMRC debts, or struggling to meet payroll, then you could be facing liquidation. Can your business be saved? Download our free guide, 'What To Do When You Are Facing Liquidation' now.
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