When it comes to distressed or insolvent businesses or individuals we work in partnership with both qualified insolvency solicitors, working within a restructuring and insolvency boutique or a specialist practice within a wider firm, as well as sole practitioners, smaller practices and larger firms with no insolvency and restructuring expertise.
If you are a qualified insolvency solicitor you will no doubt advise a wide range of stakeholders, including company directors, private equity investors, shareholders, lenders, other creditors and individuals, on the spectrum which ranges from restructuring at one end and insolvency at the other. If it is your client you are likely to get involved early on in a company’s financial difficulties when a restructuring plan might aid recovery or, if instructed by an insolvency practitioner, at the ‘burning platform’ end of insolvency work, when a company is already insolvent, creditors are pressing for payment and clients are seeking protection.
We work closely with insolvency solicitors across the UK where we have established a number of mutually beneficial relationships. We are always on hand to support you should any of your clients encounter a financial issue which requires the advice or appointment of an insolvency practitioner.
Even if you are not a qualified insolvency solicitor and you do not have that expertise within your firm it is not uncommon for clients in financial distress to seek advice from their lawyer. In this case we would stress that acknowledging and addressing problems as a matter of urgency can prevent them from worsening and improve the probability of the issue being satisfactorily resolved. If there is no simple fix it is good practice to seek assistance from an insolvency practitioner. An initial conversation with a member of our team is free and without obligation so, if nothing else, it can act as an additional layer of governance for your planned course of action.
mlm Solutions is perfectly positioned to provide you and your clients with the support and guidance required to assess the situation, make objective recommendations and deliver the approved solution. As a boutique insolvency practitioner we are genuine experts in our field so you can enjoy the peace of mind that your client is in safe hands.
When a client is referred to us we are comfortable for you to attend any meetings and be included in any correspondence as the case progresses. We are confident in our ability and this transparency allows you to see our client focus in action. Our approach at mlm Solutions is underpinned by a rescue culture so our priority is to explore all options that will allow your client to remain solvent and, in the case of a business, trading. For the overall benefit of the economy we want to preserve businesses and jobs as well as maximise the return for creditors. We are realistic enough to concede that this is not always possible and where formal insolvency procedures are required we take great care to minimise the emotional and financial costs.
Irrespective of the value, complexity and source of the referral we treat all clients with dignity and respect and by providing a high quality, cost effective and consistent service we will strive to satisfy your client and ensure that we are considered the next time you have a client requiring recovery, restructuring or debt advice.
Individuals, Sole Traders and Partnerships
- HMRC Aggressive Tax Planning Claims
- Individual Voluntary Arrangement
- Non-Statutory (Informal) Solutions
- Partnership Voluntary Arrangement
- Business Restructuring
- Company Voluntary Arrangements
- Corporate Simplification
- Fraud and Forensic Accounting
- Independent Business Reviews
- Members' Voluntary Liquidations
- Compulsory liquidation (England)
- Court Winding Up (Scotland)
- Insolvent Liquidation
- Pre-Pack Administration
- Strategic Exit
Insolvency Practitioners & Debt Advisory Experts for Solicitors, London
We understand that facing up to financial challenges can be an extremely difficult and stressful time. However, you should be reassured to know that there are options available and, with the right advice and support, you can take the necessary steps to improve your situation. For further information on the services we offer, please contact us today.