Insolvency solutions for professional firms

Insolvency Practitioners for professional firms

RPG Business Recovery over the years have become the preferred Insolvency Practitioners for professional firms with financial issues.

RPG Business Recovery have advised the following professional sectors:

Accountants

Solicitors

Conveyance companies

Chartered Surveyors

Quantity Surveyors

Debt Management companies

Insolvency Practitioners (yes even Insolvency Practitioners can have cash flow issues)

Having a firm understanding of the key issues of professional firms and having the right expertise we have helped restructure a number of firms and also dealt with a number of formal insolvency appointments when restructuring is not an option.

Professional firms have different needs and understanding how such businesses can be restructured while staying within the legal framework is key.  We fully understand and appreciate the additional regulatory issues and the issues that can be caused by the individual members of a regulatory body.  Unlike many companies that go through an insolvency process, where the Directors are often free to start again in the professional arena their regulators may take regulatory action which may exclude the member from membership.  In additional, with most professional companies there is a big issue with Professional Indemnity Insurance and run off cover.  Clearly this needs addressing to avoid any personal liability on the Member/Directors.

RPG Business Recovery is part of Royce Peeling Green Limited (a firm of Chartered Accountants) and was established over 100 years ago (established in 1911). RPG have offices in Manchester, London and North Wales.  All Insolvency Practitioners at RPG Business Recovery are authorised and licensed by The Institute of Chartered Accountants in England and Wales (ICAEW).

At RPG Business Recovery we highly recommend that Directors should always take advice as early as possible as this gives us the greater chance of being able to save your business and avoid a business closure. Please feel free to contact us for a FREE no obligation advice meeting or if you prefer you are welcome to contact our Licensed Insolvency Practitioners directly.  Our Insolvency Practitioners are Alan (mobile 07580 885750) and James (mobile 07717001087).