At Griffin Chartered Accountants, we are often asked about insolvency and liquidation. We work closely with specialist Licenced Insolvency Practitioners to provide you with the best advice.

If you feel your company may be struggling with cash-flow or insolvency related issues, it is important that early independent advice is sought from professionals. There are often many different ways to deal with these problems, but these options are reduced the longer you leave it.

We are able to discuss the benefits and disadvantages of the following with you:


  • Rescue packages, such as Company Voluntary Arrangements and Administrations, including pre-packs/phoenix companies where appropriate
  • Insolvent Liquidation options, including Creditors Voluntary Liquidation and Compulsory Liquidation.
  • Solvent Liquidation options, otherwise known as Members’ Voluntary Liquidations
  • Personal debt advice for sole traders, un-incorporate partnerships and individuals, including Voluntary Arrangements, Bankruptcy and informal debt advice.

When a company is facing insolvency, it is important that directors and stakeholders are also advised of the actions they should and should not take. We are able to advise directors on aspects of wrongful trading, fraudulent trading and misfeasance claims, which will help mitigate personal risks.

For more advice on insolvency and liquidation contact to see how we can help you and your business.