Gore and Company

• Business Recovery and Insolvency
• Company Voluntary Arrangements (CVAs)Company Voluntary Arrangement: MoratoriumCompany Voluntary Arrangement: Protection
• Company Voluntary Arrangement: Moratorium
• Company Voluntary Arrangement: Protection
• AdministrationPlacing a Company into AdministrationWhat Happens in a Company Administration?
• Placing a Company into Administration
• What Happens in a Company Administration?
• LiquidationCompulsory LiquidationCreditors' Voluntary Liquidation (CVL)Members' Voluntary Liquidation (MVL)
• Creditors' Voluntary Liquidation (CVL)
• Members' Voluntary Liquidation (MVL)
• Clients & Case Studies
• If you are a company
• If you are an individual
• If you are an accountant or a lawyer
• Do you need a free consultation? Do you need help with a company in financial difficulty? Need help deciding which way to turn? Are you considering administration or liquidation? Do you need help turning the business around? We are licensed as insolvency practitioners to deal with insolvent companies and with threats of insolvency and can be appointed as administrator to turnaround, or liquidator to close down, a company that is no longer viable [more

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Liquidators and Administrators: Insolvency, Turnaround & Recovery

Gore and Company Insolvency Practitioners can set up and manage Company Voluntary Arrangements with creditors ("CVAs", arrangements to pay all or a proportion of a company's debts); act as Administrators, to save a business or a part of it, or as Liquidators, managing an orderly closure of a company We also offer a Business Options Review service to help directors to better understand the financial position of their business and the true extent of financial difficulties, company and personal liabilities, and options for recovery or closure We provide expert advice to directors, shareholders, managers and creditors We can also advise individuals facing personal financial difficulty or bankruptcy

Gore and Company has more than 30 years' experience assisting companies of all sizes, advising management on the turnaround or orderly closure of failing companies We seek opportunities to rescue businesses and to save jobs wherever possible If that cannot be achieved we advise on the best options for closure, applying our knowledge of UK insolvency legislation We can advise directors in failing companies and we specialise in managing complex insolvency cases Our Questions and Answers secton may help you with some of the terms and concepts and in understanding the procedures available to you

This business faced financial difficulties due to fixed royalties payable to DVD patent holders, increasing competition from overseas firms and falling demand during the recession The Directors sought Gore and Company’s help and, after a business review concluded there was no hope of trading out of its indebtedness, were advised to put the company into Administration as soon as possible

Not really, the costs can be negligible Costs are usually taken out of the assets of the company so that a director is not required to make any payment at all The costs of placing the company into liquidation and also for carrying out the liquidation work, must be approved by the creditors in a general meeting An Insolvency Practitioner must now present creditors with a Fee Es