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EmailEmail us on: tim@timothyjamespartnership.co.uk

Company Procedures



Members Voluntary Liquidation


In instances where directors may be seeking retirement, and there are no successors, or where maybe a group of companies needs reorganisation, this type of liquidation allows for all creditors to be paid in full and a distribution to be made to shareholders. It is an underutilised area of the Insolvency Act.


Creditors’ Voluntary Liquidation


After discussions and meetings and where it is decided that there is no benefit from trading on to improve the value of asset realisations, directors may instigate the liquidation process.  A liquidator may be appointed over the company by its members and creditors.


Business Turnaround


We assist directors, shareholders and sole traders with the restructuring of their business. Taking the proactive approach by restructuring can aid with streamlining business processes and eliminate the need for formal insolvency procedures if the company is facing financial difficulty.


Company Voluntary Arrangements


At times when companies have a viable business but are unable to pay their debts, they may seek the creditors’ agreement to trade on under the supervision of an Insolvency Practitioner, with a view to benefitting the creditors.


Administration


When companies need to continue trading to maximise the value of assets, an Insolvency Practitioner is appointed to manage the company. The purpose of this is to maximise the value of the business for the benefit of creditors.


Winding Up Petitions


If you have been issued with a Winding Up Petition, we will advise you on the most cost effective solution for your company. We will listen and work with you to establish the right outcome.


Court Appointed Receiver


At times, an Insolvency Practitioner may be appointed by the court to carry out a particular function such as realising assets where maybe there is a dispute over ownership.


Law of Property Act Receiver


You do not need to be a qualified Insolvency Practitioner to act as a Law of Property Act Receiver. This is a receiver of property and is used to take control of property and income derived from it.



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The Timothy James Partnership

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Insolvency Practitioners Association
About Us


We are an independent firm of specialist Licensed Insolvency Practitioners located in Bromsgrove, Worcestershire.

At The Timothy James Partnership, we work very closely with local businesses and professionals, providing guidance on formal insolvency procedures and advice on restructuring businesses.

We recognise that at times, companies find themselves in difficult financial circumstances and our aim is to provide practical solutions in these situations.