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OWNER 

MANAGERS AND DIRECTORS

We recognise that there are always challenging times for companies and that as Owner Managers or Directors, you may have difficult decisions to make. We will work with you to closely understand your business and the issues you may be facing. This in-depth understanding, coupled with our expertise, will enable us to advise on the right solution for you. In some cases these solutions may centre around the possibilities of restructuring, to turn the business around and continue trading, in other cases, this may be advice and help in what needs to become a formal insolvency situation.

 

There are statutory legal obligations with being the Director of a company, involving your conduct and responsibilities, which could lead to becoming disqualified as a Director and becoming personally liable for the debts of the company. This is a key area for directors to be aware of and understand and is something we can provide assistance with if required. 

 

All meetings are totally confidential and an initial meeting with Tim Heaselgrave, Licensed Insolvency Practitioner is free of charge. Whilst you may be introduced to other members of our experienced team along the way, Tim will always be your primary point of contact. We have worked with local businesses for over 30 years and recognise that at times you may need to ask questions out of hours. Tim is always contactable should you need to speak with him.

INVESTIGATION WORK

We get instructed to investigate the reasons why a company has gone into an insolvency procedure such as liquidation. The work we do enables third parties to be pursued through the legal system and can lead to the recovery of assets for benefit of creditors.

PROFESSIONAL ADVISERS

The Timothy James Partnership is an independent firm of specialist Licensed Insolvency Practitioners. Based in Bromsgrove, Worcestershire we work very closely with local businesses and professionals providing help and advice on all areas of solvency and insolvency procedures.

CREDITORS

We provide help and assistance to creditors of insolvent companies or individuals. We recognise that it can be a legal minefield and the process may not be fully understood. This is where we are able to help creditors and provide guidance on:

 

·     The type of insolvency and the process

·     How to recover goods belonging to them (Retention of Title)

·     Lodging claims and attending creditors meetings

·     Dividend prospects

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 a formal agreement with its creditors to trade on under the supervision of an Insolvency Practitioner, in a voluntary arrangement. The voluntary arrangement is expected to provide a better result for creditors compared to liquidation. 

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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Working with and advising

local businesses and professionals.

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OUR ADDRESS

​Darwin House

7 Kidderminster Road

Bromsgrove

Worcestershire

B61 7JJ

Email: tim@timothyjamespartnership.co.uk
 

Tel:  01527 314050 (office)

07815 762064 (Tim's mobile)

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T J Heaselgrave FIPA FABRP is authorised by the Insolvency Practitioners Association

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