Lines Henry is a firm of Liquidators and Licensed Insolvency Practitioners who offer a professional service which is tailor-made to individual needs. Our Directors and staff have many years experience in helping both individuals and businesses to resolve financial problems.
Our Insolvency Practitioner Directors are regulated by the Insolvency Practitioners Association. In short, you can rely on us.
We can provide a solution to your debt problem allowing you to take back control of your finances without taking on another loan.
We have provided insolvency advice and business recovery planning to numerous insolvent individuals and insolvent companies throughout the UK. In many instances, if we are brought in soon enough, formal insolvency procedures can be avoided.
What will it cost me?
Lines Henry do not make any up-front charge or consultation fee. All initial meetings are free and at that meeting we will gather all relevant information and discuss any future charges that will be incurred. It will not cost you anything to call us, so why not ring and see if we can help?
The following pages will explain how and where we can help you. However, if you need urgent personal advice, why not ring our freephone Helpline now.
Lines Henry are business recovery professionals and Licensed Insolvency Practitioners. Whether you need advice on business debt, considering voluntary liquidation, or business bankruptcy you can take advantage of our free consultation service.
Lines Henry has years of experience helping businesses prevent liquidation but in some cases liquidation is inevitable, and may be voluntary liquidation or compulsory liquidation.
There are two types of voluntary liquidation; solvent members’ voluntary liquidation, or insolvent creditors’ voluntary liquidation. In the case of a members’ voluntary liquidation (or MVL) the company is solvent with all creditors being paid in full and any surplus being distributed to the shareholders. In the last two years, this has become an important route for director/shareholders to enable them to get access to the capital in their company on cessation, utilising the 10% Entrepreneurs Relief Tax route.
In a creditors’ voluntary liquidation (or CVL) the company has insufficient assets to pay all of its creditors in full. Where the company directors decide to close down the business, which may be for a number of reasons, sometimes a liquidation is not the only option available and Lines Henry offers business advice to help prevent this. However, if you feel the best option for your company is liquidation you can speak to Lines Henry in confidence.
Insolvent Liquidation can be a compulsory liquidation or a creditors’ voluntary liquidation, and occur when a company has accrued a lot of debt, creditors voluntary liquidation is when the company decides to wind up the company to pay off debts, compulsory liquidation is when creditors petition to wind up the company to settle the debts they are owed.
At Lines Henry we don’t just deal with debt and liquidation, we can also help businesses improve their cash flow and streamline finances to help a business recover from debts. As business recovery professionals we have years of experiences helping businesses recover and thrive, it is important for businesses to get in touch with us early so we can help your business recover and avoid liquidation.
Company Voluntary Arrangements
In a similar process to IVA’s, Company Voluntary Arrangements are a good way for businesses to get out of debt using an agreed payment plan that means the company does not need to go into liquidation.
Debt and cash flow are two of the biggest issues facing small to medium sized businesses and sorting out a payment plan to creditors that is manageable to handle within your cash flow can be the difference between the business succeeding and not. Lines Henry can also help you look at your expenses and business processes to improve your cash flow and manage the finances easier leaving you to get on with business in the area you have expertise.