Business Details
14 Years
experience
Licensed Insolvency Practitioners in Bromsgrove
Established in 2012, The Timothy James Partnership specialises in providing expert insolvency and business recovery solutions to companies and individuals across Worcestershire and the West Midlands. Led by Tim Heaselgrave, a Licensed Insolvency Practitioner with over 30 years of industry experience, our team delivers tailored advice on formal insolvency procedures, business restructuring, and debt management. With a background as a former Director at BDO Stoy Hayward and a Partner in Warwickshire firms, Tim combines deep technical knowledge with a client-focused approach to navigate complex financial challenges.We prioritise confidentiality and accessibility, offering free initial consultations and maintaining open communication channels for urgent matters. Our services are designed to support directors, shareholders, and creditors through solvent and insolvent liquidations, administrations, and voluntary arrangements while upholding the highest professional standards through affiliations with the Insolvency Practitioners Association and R3. By focusing on practical, transparent solutions, we aim to alleviate financial distress and guide clients towards sustainable outcomes.
Services
Liquidation
Bankruptcy
Administration
Creditor Advice
Business Restructuring
Details
- Year established: 2012
Highlights and features
- We have over 30 years of experience in insolvency and business recovery
- Our team are Licensed Insolvency Practitioners with specialist accreditation
- We provide responsive, locally-focused support for Worcestershire businesses
- Our client-centred approach prioritises practical, transparent solutions
- We offer free initial consultations with no obligation
Associations and certifications
- Insolvency Practitioners Association
- R3
What people say
Approachable and understanding
Professional and friendly manner
Sound advice
Immediate response
Genuine empathy
Services
Liquidation
We manage both solvent and insolvent liquidation processes for companies unable to meet financial obligations. Our services include creditor voluntary liquidations, compulsory liquidations, and members' voluntary liquidations for solvent businesses. With expertise in asset realisation and distribution, we ensure compliance with legal requirements while minimising director liability risks.
Bankruptcy
Our specialist team guides individuals through bankruptcy proceedings under the Insolvency Act 1986. We explain trustee appointments, asset realisation processes, and debt discharge timelines. We provide confidential consultations to assess alternatives to bankruptcy and manage court-appointed receiver arrangements where necessary.
Administration
We implement administration procedures to protect companies facing financial distress while seeking optimal creditor outcomes. Our services include appointing insolvency practitioners, managing asset realisation, and developing restructuring plans. We prioritise business continuity where viable while ensuring statutory compliance throughout the process.
Creditor Advice
We assist creditors in understanding insolvency procedures and recovering outstanding debts. Our services cover retention of title claims, dividend prospect assessments, and creditor meeting representation. We provide clear guidance on proof of debt submissions and asset tracing within liquidation frameworks.
Business Restructuring
Our team develops restructuring strategies to help businesses overcome financial difficulties. We assess viability through company voluntary arrangements, debt restructuring, and operational reorganisation. We focus on preserving business continuity while balancing director responsibilities and creditor interests under insolvency legislation.
People
Tim Heaselgrave
Director
Licensed Insolvency Practitioner with 30+ years' experience. Former Director at BDO Stoy Hayward, now leading insolvency solutions in Worcestershire. Fellow of the Insolvency Practitioners Association and R3, specialising in business recovery and debt restructuring.
Questions
What insolvency options exist for struggling businesses?
We offer liquidation, administration, and voluntary arrangements. Our team assesses your situation to recommend the most appropriate solution based on business viability and creditor obligations.
How does the liquidation process work?
Liquidation involves appointing an insolvency practitioner to realise assets and distribute proceeds to creditors. We explain the specific process during your free initial consultation based on your company's circumstances.
Can I get immediate help with urgent insolvency matters?
Yes, Tim Heaselgrave provides accessible support including out-of-hours consultations. We prioritise urgent cases and offer immediate guidance through initial phone consultations.
What are the director responsibilities during insolvency?
Directors must cooperate with insolvency practitioners, provide financial records, and avoid preferential payments. We explain statutory obligations and help directors navigate legal requirements during formal proceedings.
How do creditors claim debts in insolvency cases?
We guide creditors through proof of debt submissions, retention of title claims, and dividend distribution processes. Our team ensures transparent communication throughout the insolvency procedure.
