What is a Creditors Voluntary Liquidation also known as a CVL

What is an Insolvency Practitioner?

A Creditors Voluntary Liquidation often referred to as a Creditors Voluntary Liquidation (CVL), is a process commenced by the Director(s) of a company following advice from a Licensed Insolvency Practitioner. Our Insolvency Practitioners are Alan and James. The Insolvency Practitioner will have determined that the Creditors Voluntary Liquidation (CVL) is the most appropriate option for the Company. […]

Carillion Plc update for suppliers

Carillion Plc

For suppliers of Carillion they are being encouraged to continue working for Carillion Plc and their group companies on the promise that they will be paid for goods and services supplied from 15 January 2018 until further notice.  This appears to be a blanket promise as detailed on PWC’s website. Today PWC, who are the […]

Carillion Liquidation

Carillion Plc

My company is owed money from Carillion Plc – what are my options? In the press, this morning Carillion Plc are going into Liquidation (Compulsory Liquidation) which is going to have an impact on all the subcontractors that have either worked on contracts for Carillion Plc or are still working on contracts for Carillion Plc. […]

RPG Business Recovery Welcome A New Licensed insolvency practitioner

Licensed insolvency practitioner

RPG are delighted to announce the recruitment of James Fish as a Licenced Insolvency Practitioner at their Manchester office, working alongside Alan Coleman who heads up the Business Recovery team at RPG. Upon the arrival of James at RPG Business Recovery we have featured on The Business Desk to discuss strengthening and growing our Business […]

What happens when a company goes into Liquidation?

Bankruptcy

Here at RPG Business Recovery, we like to work with our clients to keep their business viable for as long as possible. Often, in the midst of cash flow problems, a slump in a trade or some other major business issue, it can be difficult for the people in the eye of the storm to […]

What Does Voluntary Insolvency Involve?

We see our job at RPG as doing everything we can to keep the companies we work with trading. In the day to day stress of dealing with issues of debt, creditors and payments, it can sometimes be difficult to take a wider, long term view, and this is exactly what we’re able to do. […]

What is Insolvency?

The term Insolvency is when a Company or an individual is unable to pay their debts. Insolvency is defined under Section 123 of The Insolvency Act 1986, but simply it states that a Company or individual becomes Insolvent when they fail one or both of the following tests: Balance Sheet test – assets being sufficient […]

Corporate Insolvency

As a company we take great pride in doing everything we can to keep the clients who come to us operating. We’ve got the experience to be able to see solutions where there may appear to be none, and the help we’ve delivered over the years has left us perfectly placed to remain calm, take […]