Committed To Our Clients
It is not uncommon for businesses to experience financial difficulty, it is critical for directors to understand the differences between financial stress, where a recovery can be made, insolvency and when to seek external advice. Timing is significant and can be the difference between a business restructure and liquidation.
Grant Reynolds established his own practice specialising in company related insolvency issues in 2002. This boutique practice promotes fast and effective business recovery and insolvency management services.
Range Of Services
We are often contacted by creditors, accountants, lawyers and business owners to determine the best course of action when a company is facing financial uncertainty.
We attempt to work with the affected stakeholders to get the best possible result for them often in trying circumstances which sets Reynolds & Associates apart from other practitioners who often rely on the gleaning of information from the company balance sheet which is not always conducive to obtaining the best result.
Guide To Insolvency
What is Company Liquidation?
Company liquidation most commonly occurs either voluntarily, by a resolution of the shareholders, or by court order where it has been established the company is unable to pay its debts as they fall due.
Solvent Liquidations may occur when a company has concluded a specific event for which it was established and therefore is no longer required to be in existence. This is often documented in the company constitution.