Truro, Cornwall Licensed Insolvency Practitioners for Business - Offices also at Falmouth & Helston
Specialists in phoenix companies, administration prepacks & Company Voluntary Arrangements for Cornwall based companies
Chartered Accountants & Insolvency advisors in respect of personal and business financial problems.
Personal advice
We provide bankruptcy and Individual Voluntary Arrangement advice. Click here to read our layman's guide. At a free meeting you will want, and we provide, an explanation of the pros and cons between the options in relation to your specific personal circumstances.
Company advice
There are many insolvency options available to rescue your Cornwall based company or unincorporated business from pressures caused by cash flow problems, formal insolvency processes started by others, statutory demands, winding up petitions, winding up orders, bailiffs and Court enforcement action. We have three insolvency practitioners resident in Cornwall each of whom can provide you with options, help and advice. Purnells insolvency practitioners have three Cornwall insolvency offices - In Truro, Falmouth & Helston.
As Licensed Insolvency Practitioners & Chartered Accountants we recommend that we spend several hours with you free of charge to identify your company's particular financial circumstances and then to explain all of the rescue and insolvency options open to you - and discuss the pros and cons of each recovery option. We are specialists in restart businesses, phoenix companies, pre pack administrations and Company Voluntary Arrangements (CVA's).
Assuming that you are a director of a limited company that faces financial problems you will know that insolvency law prescribes that you should take insolvency advice (when faced with a situation that either the assets of the company are less than the liabilities or the company's creditors cannot be paid when due ). Do you know however that material financial benefits accrue from taking insolvency advice?
Those huge financial benefits are measurable and can arise from an insolvency restructuring that might include:
- A planned company restructure which eliminates (or part eliminates) the existing debt burden of VAT, PAYE, Corporation Tax, trade creditors, bank etcetera on your business or
- Closing unprofitable business units or
- Leaving behind burdensome property leases or
- Leaving behind costly hire purchase, lease purchase, leasing, rental or contract hire agreements
- Eliminating unprofitable business contracts or
- Reducing the staff headcount
- A re-start company (if required) with or without a prepack (pre pack)
Our Cornish based licensed insolvency practitioners can achieve these benefits while working with you and at the same time planning to maximise returns to the existing company creditors.
As we have two insolvency practitioners resident in Falmouth and a further insolvency practitioner resident in Helston we can provide prompt same day Company Rescue and Business Insolvency Advice in Truro or anywhere else in Cornwall.
Insolvency topics on this web site that you can read up on include:
- Limited Company Insolvency and corporate rescue
- Creditors Voluntary Liquidations (CVL's) & phoenix companies (sometimes referred to as Company bankruptcy)
- Company Voluntary Arrangements (CVA's)
- Administrations
- Prepacks (Pre Packs)
- Compulsory Liquidations
- Dealing with statutory demands, winding up petitions and winding up orders
- Administrative Receivership
- Court appointed receivership
- Solvent liquidations (Sometimes known as Members Voluntary Liquidations or MVL's)
- Partnership Insolvency and business rescue
- Limited Liability Partnership Insolvency (LLP's) insolvency and rescue
- Personal Insolvency & Sole trader insolvency and rescue
Purnells five Licensed Insolvency Practitioners take formal insolvency appointments such as Administrator, Liquidator, Receiver, Supervisor and Trustee to Cornwall companies and businesses. Purnells Licensed Insolvency Practitioners are Truro Chartered Accountants who specialise in insolvency advice,options,help and support.
