Our Team of Salisbury based expert Insolvency Practitioners and case managers is here for Corporate and Personal Advice. We offer the following services:
Our Salisbury office is headed up by Insolvency Practitioner James Stares and one of our Directors, Alison Gates. We work closely with our Bournemouth office giving us coverage throughout Dorset, Wiltshire and Hampshire. All of our offices work together, sharing resources and operating as one team.
Why choose us?
- In conjunction with our London office, our insolvency professionals have over 25 years of experience in dealing effectively, efficiently and with care in all areas of insolvency as well as business restructuring and turnaround. Take a look at some of our testimonials from satisfied clients.
- As Licensed Insolvency Practitioners we are full members of, and regulated by, the Institute of Chartered Accountants in England and Wales (ICAEW).
- We also have in-depth specialist experience in these niche sectors: the Travel Industry, AIM listed companies, Charities and Venture Capital Trusts.
- Our teams have been instructed on over 3,000 insolvency related matters.
- We always offer potential clients free advice at an initial consultation, prior to being formally appointed.
When is a business insolvent?
Businesses (and individuals) fall into insolvency all the time and for many different reasons. At its simplest, insolvency means that a business (or individual) does not have sufficient assets to cover its debts and cannot pay its debts when they become due, often due to cash-flow problems.
When a company encounters financial problems and becomes insolvent, our first aim is to see if we can turn things around, informally by recommending debt solutions, or the use of turnaround procedures such as Company Administrations or Company Voluntary Arrangements (CVAs). However, if there is no other alternative, then a formal insolvency process – a Creditors’ Voluntary Liquidation (CVL) – will be used to liquidate the company.
Insolvency is always a stressful time for the company directors (and employees) involved, especially when it comes to recognising that there is a problem that needs addressing. Our experience is that the sooner insolvency practitioners are contacted and instructed the better. This is because there are usually more options available if advice is sought earlier.
What do Insolvency Practitioners do?
When there is simply no alternative, then Liquidation is the most frequently used insolvency procedure, usually a (CVL). With this procedure, a firm of Insolvency Practitioners is appointed to be the Liquidator with the goal being to close the insolvent company down whilst realising the greatest possible value for the creditors of the company.
However, our initial objective is always to try to rescue a company in some shape or form so that it can continue to trade, preserving jobs in the process. For this, insolvency procedures including CVAs and Administrations and are used to create time for businesses to restructure and recover. Research by R3 the professional body of the UK restructuring and insolvency community shows that in over 40% of cases businesses survive when an insolvency practitioner is appointed.
If you are concerned that your business is in financial distress and is facing insolvency or is already insolvent, please contact our team of insolvency practitioners and managers in Brentwood for a FREE initial consultation. We can help.
How do we work?
The ethos of the Salisbury office is that we are a boutique insolvency and business turnaround practice offering the same level of service which clients would expect from a larger competitor.
We have good relationships with lenders but are not on any panels and nor do we seek to be. For this reason, we are truly independent, which means that a work referrer, usually an accountant or a solicitor, can be fully assured that we will always act in the best interests of their clients, subject to our regulatory and ethical constraints.
How we fit into the Antony Batty & Company family
ABc was formed in 1997, and now has 5 offices. It is a well-established firm of insolvency practitioners offering the full range of restructuring and insolvency services to a nationwide client base.
We have a long and continuing history, as an independent Insolvency practice, of providing impartial, expert and fair advice to our clients.
Our formula of offering “Big Four” service levels at sensible prices, with the personalised approach of a smaller firm to customer care, has proven a significant factor in attracting new business and company growth. This led to the decision to open the Salisbury office servicing Wiltshire and the surrounding region.
