Insolvency & Liquidation Solutions
Insolvency often leads to huge financial losses, potentially personal financial losses if there are personal guarantees in place, massive amounts of stress and the worst part: any director involved over the previous three years being investigated by official bodies.
If you have come to this page you really urgently need our help.
Paul and Aniko have deep personal understanding of this. One company they were involved in had themselves and two other partners. It was a commercial property project to develop into a number of luxury apartments. In all business there is potential reward but of course also potential risk. In addition to the four business partners there were three private investors. The project ran into planning issues, then conservation officer problems and believe it or not tree-conservation officers then caused more financial damage to the project.
The two other business partners (that had instigated the project) got fed up with the lack of progress and left leaving Paul and Aniko “holding the baby”.
The investors had unreasonable expectations. One of the three (unknown to the partners in the project) had borrowed hundreds of thousands of pounds to invest in the project at a very high interest rate and was expecting 30% plus returns on his borrowed cash! As the planning and other difficulties were encountered solutions were offered and progress was made.
The nail in the coffin though was this: once plans were clear and firm for the project the investors would not release their charge on the unencumbered property to allow the bank lending for the development. They preferred instead to call their charge, repossess the property and plunge the company into liquidation. The ensuing (completely avoidable) financial carnage caused little loss to two of the investors and an almost total loss to the investor who had borrowed the hundreds of thousands of pounds.
The liquidation process took two years. During this time integrity was questioned, accusations of fraud and theft on social media and much more.
They know first-hand this is an experience nobody wants and nobody deserves.
Fill in this form to let us know your situation it is critical you are 100% brutally honest.