A leading independent Insolvency, Corporate Recovery and Turnaround practice based in Yorkshire and Lincolnshire
Watch RNB TV for our latest news, helpful tips and current opportunities.
A strong and friendly team of experienced insolvency professionals
Providing a full range of turnaround, insolvency and business advisory services.
We offer a without obligation initial meeting for up to a day, free of charge at a client’s premises or our offices in Driffield, Scunthorpe or York at which the client’s financial circumstances will be reviewed and advice given.
For further information, or to arrange a free initial consultation, please contact Stella Flemmings and she will make you an appointment with one of our insolvency professionals.
Alternatively, please complete our online enquiry form and we will get back to you within 24 hours.
In this video, John goes through our 5 top tips businesses in financial difficulties:
- Don’t put any more personal money into the business until you have taken professional advise.
- Don’t incur any further credit if there is a risk that you will be unable to pay for it.
- Preserve and protect the assets of the company.
- You cannot pick and choose which creditors to pay and which not to pay, you have to treat all creditors on an equal footing.
- (This one is the most important of all!) You need to take professional advise as soon as possible.
In this video (the first our series) John, one of our partners, goes through the basics of who we are. He explains that at Redman Nichols Butler we are a firm of licensed insolvency practitioners. This means we provide the full range of insolvency, turnaround and restructuring advise to both businesses and individuals.
The Insolvency Service has recently published the insolvency statistics for the third quarter of 2016.
Corporate Insolvency Procedures
There has been an increase in the number of company liquidations from the last quarter. There have been 2,569 in the third quarter.
A recent Court decision brought by a liquidator for wrongful trading has found in the directors’ favour and has highlighted the grounds on which a liquidator can apply (under section 214 of the insolvency act 1986) to the Court for the directors to make a contribution to the company’s assets.