What we offer…
FREE initial meeting with any business owner, partner, director or individual
We have offices located in Plymouth, St. Austell, Truro and Penzance
We can help you with clear and impartial advice on your options
If your business in Plymouth, Devon or Cornwall is facing financial problems I can help you with clear and impartial advice on your options.
I can discuss with you the pros and cons of liquidation, company voluntary arrangements, administration or whether a time to pay agreement is more appropriate. All information given to me is confidential and no question is too stupid to ask. I will do the best I can to help.
If your Limited company is facing financial difficulties.
If you are struggling with personal debts and/or sole trader debts.
If you have a partnership and the partnership or your partner are facing financial problems.
How we can help
There are three types of liquidation procedures we offer advice on to Directors:
- Creditors Voluntary Liquidation
- Compulsory Liquidation
- Members Voluntary Liquidation
We can explain the pros and cons of each procedure and which is best suited to you in the current circumstances.
Administration receivership when an independent receiver is appointed by a secured creditor or, in rare circumstances, by the court, to take control of some or all of the company’s assets.
Individual Voluntary Arrangement (IVA)
Broadly speaking an Individual Voluntary Arrangement (“IVA”) is a contract between the individual debtor and their creditors.
Solvent Liquidation/Members Voluntary Liquidation (MVL)
A Members’ Voluntary Liquidation (MVL) is the voluntary liquidation process available to solvent companies.
Company Voluntary Arrangement (CVA)
Broadly speaking a Company Voluntary Arrangement (“CVA”) is a legally binding contract between the company and its creditors where the owners want to save the business but cannot afford to pay all of the debts due now.
If a partnership or one of the partners is facing financial difficulties there are a few options available that we can discuss with the partners.
Neville & Co help the Directors lodge a notice of intention to appoint Administrators with the Court and send notices to any bank or third party with a debenture. Once the notice period has passed licensed Insolvency Practitioners of Neville & Co are appointed Administrators over the company.
Bankruptcy is a procedure available for insolvent individuals who cannot pay their debts.
Sometimes the owners of businesses, whether that business be a partnership, a limited company or a limited liability partnership, fall into dispute. If you are having problem contact us for help.
When to consult us
The sooner we are consulted the sooner we are able to assist you in finding a way through the business difficulties you are facing. The later it is left, the fewer the options will be. The best time to consult is as soon as any financial difficulties become apparent.
We are a local business supporting local businesses covering all of Devon, Cornwall and Somerset.