CONTACT
info@cg-recovery.co.uk
27 Byrom Street, Manchester, M3 4FP
Greg's Building, 2nd Floor, 1 Booth Street, Manchester, M2 4DU
An analysis of the property market and predictions for the rest of the year
Despite socio-economic challenges and fluctuating interest rates impacting the UK property market, the property sector starts to show signs of recovery, although experts continue to warn about ongoing economic uncertainties.
Business Recovery
Expert advice for business owners facing financial difficulties.
There are many reasons why your company may be experiencing financial difficulties or not performing in line with expectations. Our business rescue and insolvency expertise allow us to quickly identify the problems and then suggest clear, viable options to move your business forward.
While it may seem like a drastic step, insolvency doesn’t have to mean the end of your business. In fact, it can often open the doors to new opportunities. However, the sooner you take action, the better the outcome is likely to be.
We strive to deliver an effective and efficient service, understanding that the specific financial needs and individual circumstances of each case are unique. As such, our partner-led advice is always bespoke and ensures we address the specific financial needs and individual circumstances of each case.
15%
of businesses we work wth have statistics we can talk about here
Appointment
Partner relationships are at the heart of everything we do for our clients.
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Process
Partner relationships are at the heart of everything we do for our clients.
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Appointment
Partner relationships are at the heart of everything we do for our clients.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam ac felis eget mauris cursus rutrum. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam ac felis eget mauris cursus rutrum.
Process
Partner relationships are at the heart of everything we do for our clients.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam ac felis eget mauris cursus rutrum. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam ac felis eget mauris cursus rutrum.
Options Overview
Administration is a process for a financially distressed company that has a viable underlying business.
An Administrator can sell the business and assets to satisfy one of three statutory purposes. This approach can facilitate the continuation of trade, supply, and employment for all, or the majority of, the workforce.
With this process, the company benefits from protection against creditor action through a Moratorium against legal proceedings. Administration provides for continuity, either via the aforementioned business sale or by trading on, as an Administrator has the power to continue the company’s trading activities whilst it’s in Administration.Through managing the Administration process, our expert team can support you in rescuing or restructuring your business, while securing protection from creditors.
A Company Voluntary Arrangement (CVA) is suitable for a company in financial distress that has a solid, profitable business outlook moving forward.
It is a formal, legally binding agreement between a company and its creditors to settle outstanding debts. Typically, a CVA Proposal outlines a plan for paying a percentage of the historic debt using future income generated by the company over the duration of the CVA. This document is prepared and circulated to creditors for their approval.
CVAs generally last between 3 to 5 years, with monthly contributions made to a CVA Supervisor, a licensed Insolvency Practitioner. In some cases, a single lump sum contribution may be agreed to settle the compromised debt.
We will assess your company’s financial position and, where appropriate, assist in structuring a CVA proposal that allows your business to repay a percentage of its debts over an extended period. These payments are typically monthly and can continue for several years, easing the pressure on your cash flow.
A Creditors' Voluntary Liquidation (CVL) is a director led process that voluntarily brings an insolvent company to an end via an orderly winding down of its affairs.
Directors of an insolvent company have a legal responsibility to protect the interests of creditors and avoid worsening their position.
A shareholders’ resolution is required to pass a 'winding-up' decision. We can guide you through the process, manage the legal paperwork, and initiate proceedings on your behalf.
By engaging an experienced Insolvency Practitioner to assist with placing the company into CVL, directors are prioritising the interests of creditors while receiving expert help in managing the winding up of the company’s affairs; handling employee redundancies and claims, realising assets, and maintaining communication with creditors.We provide crucial support during what can be an extremely stressful time.
A Members' Voluntary Liquidation (MVL) is a solvent liquidation process in which the shareholders of a solvent company decide to wind down the business in order to achieve the best possible outcome for themselves.
MVL can offer tax relief in various circumstances and may allow shareholders to benefit from Entrepreneurs' Relief on distributions of capital and assets.
As a licensed and experienced Insolvency Practitioner, we will manage the winding-up process, including making distributions to shareholders, settling any remaining creditors, and, upon completion of the liquidation, dissolving the company.
If your company is facing financial difficulties, a formal insolvency process may not always be suitable.
We have extensive experience in restructuring and turnaround strategies, including assessing and rationalising costs, raising finance and negotiating arrangements with creditors such as HMRC.
We’ll work alongside you to ensure the transition is managed smoothly, achieving the best possible outcome for all stakeholders and the business itself. We’ll support you in making decisive steps that will ensure the longevity and success of your business, putting you on a path to a brighter future.
If you are owed money by a company and are facing difficulties in recovering the debt, compulsory liquidation could hold the business accountable and try to recover the debt due to you.
By issuing a winding-up petition, a winding-up hearing will be convened where a judge will determine if the debtor company is insolvent and should enter into liquidation.
An Official Receiver is then appointed to initially assess the position and deal with the assets of the company; however, creditors are then able to make nominations for an alternative liquidator to be appointed.
The cost of issuing a petition can vary, and the entire process may run into several thousand pounds. As such, this course of action is typically only appropriate for significant debts where there is confidence that the debtor has sufficient assets to repay the amount owed. In many cases, the statutory demand for payment issued before the winding-up petition is often enough to prompt a settlement from a solvent but slow-paying company.
In addition to offering professional advice on whether compulsory liquidation is a viable option for debt recovery, our primary role, following the successful serving of a winding-up petition, is to act as the liquidator in place of the Official Receiver. In this role, we are responsible for investigating the actions of the officers and directors of the company being wound up, identifying its assets, and liquidating them to facilitate the repayment of your debt.
BUSINESS RECOVERY |
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Key partners
Edward Gee
Partner
A qualified office holder, Edward leads a broad range of formal appointments, including administrations, liquidations, and Receiverships.
Nick Brierley
Partner
Licensed Insolvency Practitioner
Nick is a Partner at CG & Co with over 18 years’ experience in restructuring and insolvency, qualifying as an Insolvency Practitioner in 2015.
How we act for you
Accountants
We specialise in business recovery and are able to act as an extension of your accountancy practice.
Working closely with you to understand your client’s needs, we offer tailored advice that will secure the desired outcomes for both them and you.
We are resolution based, with a proven track record of delivering on our promises, ensuring you retain goodwill with you client. We offer free, no obligation initial advice as well as continuous guidance free of charge when its needed.
Managing and operating a business which is under financial pressure can be extremely stressful.
It’s common not to know what the right steps forward are. Insolvency, and director’s duties, can seem complex and add further pressure.
At CG&Co, we understand that this is a difficult time and we have expert advisors who are able to review the position with you and provide guidance and the right options for you and other stakeholders. We offer a free, no-obligation call or meeting to assess the position and provide options for you.
Directors
Creditors
We can help you when you receive correspondence from an Insolvency Practitioner in relation to a customer in debt who hasn’t paid your invoices.
Having the right advice in this situation is important to allow you to position yourself advantageously and help you make informed decisions.
We can provide expert advice quickly and take the pressure off you when you’re being asked to complete and return forms by an appointed Insolvency Practitioner. Our creditor services team is here to assist you to ensure you are properly represented if one of your clients enters a formal insolvency process.
FAQs
Whether you’re facing property loan defaults or business financial distress, our proactive and tenacious approach delivers tailored strategies to stabilise assets, restructure debts, or wind down operations, maximising outcomes for all parties.
With deep expertise and a commitment to swift, decisive action, we work tirelessly to protect value and achieve the best possible results for all parties.
Time is critical in these situations, and we always act fast and responsibly—often stepping in within days to secure properties or implement recovery plans, minimising risks and preserving value.
We swiftly assess the situation, deploy our expertise to secure assets or stabilise operations, and develop a clear plan—whether it’s managing a property, restructuring a business, or overseeing a liquidation, we’ll always be transparent, keeping you informed every step of the way.
Speak to Nick
Speak to Nick and our team of qualified, business recovery professionals to arrange for a free confidential consultation and discuss your individual circumstances.
- Partners take a lead role in all cases
- Fast and proactive
- Total transparency over costs and fees
- Reporting requirements agreed in advance
