An insolvency practitioner helps businesses and individuals who are facing financial difficulty. This can include advising on recovery options, restructuring debts, negotiating with creditors, or overseeing formal insolvency procedures where necessary. At Lines Henry, our focus is always on finding the best possible outcome for you.
The earlier, the better. If you’re struggling with cash flow, falling behind on HMRC payments, receiving creditor pressure, or worried about the future of your business, it’s a good time to seek advice. Early action often means more options and better outcomes.
No. Seeking advice does not automatically lead to closure. In many cases, there are options available to rescue or restructure a business. Our role is to explain all available routes clearly so you can make an informed decision.
Yes. Your initial consultation with Lines Henry is completely free, confidential, and without obligation. We understand how sensitive these situations can be and treat every conversation with discretion and respect.
Options may include:
- Informal negotiations with creditors
- Time to Pay arrangements with HMRC
- Company Voluntary Arrangements (CVAs)
- Administration
- Liquidation (as a last resort)
We’ll assess your situation and explain which options are suitable for you.
Liquidation involves closing a company and selling its assets to pay creditors. Administration aims to rescue the business or achieve a better outcome for creditors than liquidation would. We’ll clearly explain the differences and help you decide what’s appropriate.
Yes. HMRC arrears are a common issue for many businesses. We can advise on Time to Pay arrangements and other solutions to help manage or restructure tax debts.
In most cases, company directors are not personally liable for company debts. However, there are exceptions. We’ll review your position carefully and explain any potential risks clearly and honestly.
Employee rights and outcomes depend on the situation and the route taken. We’ll guide you through your responsibilities as a director and explain how employees may be protected.
Timescales vary depending on the circumstances and the solution chosen. Some processes can be resolved quickly, while others take longer. We’ll give you realistic expectations from the outset.
Some formal insolvency procedures are a matter of public record. However, early advice and informal solutions can sometimes avoid this. We’ll explain what is and isn’t public so there are no surprises.
At Lines Henry, we combine technical expertise with a supportive, human approach. We understand the pressure directors face and focus on clear advice, practical solutions, and empathy at every stage.
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