What is Corporate Insolvency?
Corporate insolvency refers to when a business is unable to pay its debts as and when they fall due, or when its liabilities exceed its assets. The reasons behind such financial issues are numerous, including: issues with cash flow, declining company performance, and excessive debt.
Common warning signs of corporate insolvency include: the business reaching its overdraft limit, being refused further borrowing opportunities, suppliers refusing credit, cheques bouncing, and complaints from creditors over repayment times.
There are two types of insolvency to be aware of:
- Balance Sheet Insolvency: Refers to a scenario where a firm’s liabilities are greater than its assets.
- Cash-flow Insolvency: When a company finds itself unable to pay its bills or debts as they fall due.
If the issue is acted upon promptly, it may be possible to save the business from collapse. If not, the firm may be forced to close — either voluntarily or involuntarily. Additionally, failure to act quickly could even lead to personal issues, making prompt, specialist company insolvency advice vital.
Why You Can Trust Our Corporate Insolvency Practitioners
Dedicated Support Throughout
At Inquesta, our team of corporate insolvency practitioners work tirelessly to resolve your concerns, while providing a top-tier service. We are 100% committed to always having your best interest at the crux of everything we do on your behalf. With our expert company insolvency advice and guidance, you can be confident that every crucial detail is being handled. This, in turn, allows you to focus on the day-to-day running of your business — safe in the knowledge that the heavy lifting is being managed by a team of experienced professionals.
Solutions for Every Business
Our licensed corporate insolvency specialists have a proven track record of supporting businesses across all industries, from small enterprises to large corporations, no matter where in the UK they’re based. We understand that each firm’s situation is unique, so we conduct a thorough assessment of your specific needs and challenges to determine the most suitable processes for you. Our holistic approach examines every aspect of your company — employees, creditors, directors, shareholders, and beyond — ensuring no detail is overlooked and providing the most comprehensive, tailored service possible.
Over 20 Years of Industry Expertise
With decades of experience within the corporate insolvency industry, and beyond, we have developed unparalleled understanding, expertise, and insight in the field. So, whether it’s liquidation, business recovery, or defending against a winding up petition, we have experience of successfully navigating our clients through it all. Our deep-rooted knowledge and commitment to working in your best interests ensures that you receive an industry-leading service that you can depend on, from start to finish. When the stakes are so high, why leave anything to chance?
Get In Touch Today
If you’re looking for company insolvency advice you can trust, you’re in the right place. Our dedicated team is on hand to offer specialist support to help you get to the bottom of your situation, on your terms.
Corporate Insolvency Options For You
When faced with periods of serious financial difficulties, it’s crucial that you understand the range of potential corporate insolvency options available to your business. At Inquesta, we offer tailored company insolvency advice designed to address your unique circumstances and provide the ideal path towards a brighter future. Below are some of the corporate insolvency options we can assist you with, and some additional information concerning whether it might be ideal for you:
Free eBook: A Guide to Putting a Business into Liquidation
If you believe your business may be in distress, understanding the warning signs early is essential to securing the best possible outcome. In our free guide, we explore the process of putting a business into liquidation, what options you have when it comes to insolvency, the impact liquidation has on stakeholders, and much more.
Meet the Director
Steven Wiseglass
Director of Insolvency
A founder of Inquesta, Steven is a licensed Insolvency Practitioner with over a decade of experience in the field. He is a member of the Insolvency Practitioners Association, Association of Business Recovery Professionals (R3), and his insolvency licence is issued by the Insolvency Practitioners Association. In addition, he sits on the R3 committee of the North West Regional Committee.
Steven specialises in advising directors of small to medium-sized businesses, and has a wealth of expertise in providing the most appropriate advice whatever the firm’s circumstances may be. He has also been instrumental in helping company directors save their business and rebuild them into successful enterprises.
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