BCR Insolvency

BCR Insolvency is a renowned firm of insolvency practitioners with a wealth of experience in providing specialist advice and solutions to businesses facing financial distress. Our team, led by Managing Director Phil Wood, comprises licensed insolvency practitioners who have assisted numerous companies and individuals in navigating the complexities of insolvency laws and processes. We take pride in our ability to deliver bespoke and innovative solutions tailored to our clients' unique financial circumstances.

At BCR Insolvency, we understand the challenges that businesses face in today's uncertain economic climate. We are committed to providing our clients with the highest level of service, delivering practical solutions that alleviate the pressure of creditor debts, HMRC debts, and cash flow struggles. Our expertise spans various insolvency procedures, including liquidation, administration, company voluntary arrangements (CVAs), pre-pack administrations, and refinancing. We have a proven track record of success in helping businesses overcome financial difficulties, enabling them to continue trading and achieve their long-term goals.

Our Services

_Liquidation_

Liquidation is the process of winding up a company's affairs and distributing its assets to its creditors. At BCR Insolvency, we provide comprehensive guidance on the different types of liquidation, including compulsory liquidation and creditors' voluntary liquidation. Our experienced insolvency practitioners will help you understand the implications of liquidation, provide expert advice on the best course of action, and represent your interests throughout the process.

_Administration_

Administration is a legal process that enables a company to continue trading whilst a restructuring plan is implemented. BCR Insolvency's team of professionals will guide you through the administration process, from the initial application to the implementation of a restructuring plan. Our goal is to help you protect your business, its assets, and its continued operation during times of financial difficulty.

_Company Voluntary Arrangement (CVA)_

A CVA is a formal agreement between a company and its creditors, allowing the company to repay its debts over an agreed period. BCR Insolvency will assist you in negotiating with creditors, creating a realistic and achievable repayment plan, and implementing the CVA. Our expertise in CVAs has helped numerous businesses restructure their finances, avoid liquidation, and continue trading.

_Pre-Pack Administration_

Pre-pack administration is a process where the sale of a business is agreed upon before the company enters administration. BCR Insolvency's experienced practitioners will guide you through the pre-pack administration process, ensuring that the sale is handled efficiently and effectively, minimising disruption to the business and maximising the return to creditors.

_Refinancing_

Refinancing is a crucial aspect of everyday business life, often involving the negotiation of new bank facilities, overdraft renewals, or factoring arrangements. BCR Insolvency's extensive experience in debt restructuring enables us to provide invaluable advice and support during the refinancing process, ensuring that your business obtains the best possible terms.

_Winding Up Petitions_

A winding-up petition is a legal action taken against a company that is unable to pay its debts. BCR Insolvency can help you deal with winding-up petitions, providing expert advice on the best course of action and representing your interests throughout the process. Our goal is to protect your business, its assets, and your reputation during this challenging time.

How We Help

BCR Insolvency is dedicated to providing the best possible service to businesses in financial distress. We understand the stress and uncertainty that financial difficulties can bring, and we strive to alleviate this burden by providing practical solutions and expert guidance. Our free initial advice is completely confidential, and our team of experienced professionals is always available to provide the support you need.

_Stop Creditor Pressure_

Our first priority is to stop creditor pressure and provide you with the breathing space you need to make informed decisions about your business's future. We will initiate negotiations with creditors on your behalf, ensuring that you have the time and space to focus on rebuilding your business.

_Initiate Insolvency Procedures_

If necessary, we will help you initiate insolvency procedures, ensuring that they are handled efficiently and effectively. Our experienced insolvency practitioners will guide you through the process, providing expert advice and support every step of the way.

_Peace of Mind_

At BCR Insolvency, we understand that financial difficulties can be overwhelming. We provide peace of mind by offering professional, impartial advice and solutions tailored to your unique situation. Our goal is to ensure that you have the best possible chance of overcoming financial difficulties and achieving long-term success.

Meet the IP - Phil Wood

Phil Wood is a licensed insolvency practitioner and the Managing Director of BCR Insolvency. With extensive experience in providing specialist insolvency advice and solutions, Phil leads a team of professionals dedicated to helping businesses in financial distress. His expertise spans various industries and insolvency procedures, and he is well known for his forthright and innovative approaches to resolving financial difficulties.