Contact us on: 0161 939 0115
Crown Debt is a specialist firm offering effective debt solutions in the UK, to companies experiencing financial difficulty or who need insolvency and liquidation help.
Crown Debt acts with the directors' and shareholders' best interests in mind, providing expert advice on how to best protect their business assets and personal interests.
Our methods adhere to the UK Insolvency Act 1986, which makes it possible to end a company in various ways or deal with severe debt problems. Crown Debt uses the Insolvency Act 1986 to advise clients on the routes forward.
For example, a Company Voluntary Arrangement (CVA) is a possible debt solution for companies facing financial difficulties and enables it to continue trading and manage its debt.
When a company’s liabilities are greater than it assets or the company finds its self unable to discharge its debts as they fall due this may leave the business with no workable avenue to continue trading, it may be necessary to choose Creditors' Voluntary Liquidation (CVL).
A Members' Voluntary Liquidation (MVL) is a route for a solvent company whose directors want to liquidate it; disposing of assets, paying creditors and distributing any profits to shareholders.
Administration were introduced by the UK Insolvency Act 1986 as a means of protecting companies and businesses facing temporary financial difficulties. The Administrator grants time to turn the company's prospects around.
Another example is a Phoenix Company, which allows the profitable elements of a failing firm to survive a bankruptcy, insolvency or winding up, protects jobs andprovides continuity for suppliers and customers.
For more information on all these business debt solutions, navigate our website using the tabs or telephone a Crown Debt adviser.
Send your query
Fill in your details for a quick response