LIQUIDATION READY
Get Ready Before You Appoint the Liquidator.
Independent practical support for company directors facing financial difficulty, an orderly wind-down or possible liquidation.
Prepare the company. Understand the risks. Make informed decisions.
When a company gets into difficulty, what you do next matters.
Most businesses do not become insolvent overnight. There is usually a period when directors are trying to save the business, manage cash, negotiate with creditors, reduce costs and find a way forward.
During that period, decisions are still being made. If the company subsequently enters liquidation, some of those decisions may need to be explained.
Liquidation Ready helps directors understand and organise the position before formal insolvency begins.
Get the company Liquidation Ready.
We conduct a structured review of the business and the directors' position.
Understand the Financial Position
Review cash, creditors, debtors, HMRC, loans, assets, stock and other liabilities.
Review Director Matters
Identify directors' loan accounts, remuneration, dividends, expenses, connected-party transactions and significant decisions.
Identify Personal Exposure
Review Personal Guarantees, leases, secured lending and other commitments that could affect directors personally.
Review Recent Transactions
Identify payments, asset disposals and other transactions that may need further explanation or professional advice.
Prepare an Orderly Plan
Establish what information needs to be collected, what decisions need to be made and where specialist advice should be obtained.
Prepare for the IP
Organise the information likely to be required if an Insolvency Practitioner is subsequently appointed.
We don't liquidate companies.
We help directors prepare properly before someone does.
Liquidation Ready is an independent commercial advisory service provided by Geminera Ltd. We are not Insolvency Practitioners and do not act as liquidators. Where formal insolvency advice, legal advice or specialist tax advice is required, we will identify that need and recommend that appropriate professional advice is obtained.
Our role is to help you understand the business position, identify questions that need answering and get the company's affairs organised.
Clarity before formal insolvency.
At the end of the review you should have a clearer understanding of:
- Where the company stands
- Its major liabilities
- Its assets and available cash
- Personal Guarantees and potential personal exposure
- Director loan accounts
- Significant transactions
- Matters requiring explanation or documentation
- Matters requiring specialist professional advice
- Practical wind-down issues
- Information required by an Insolvency Practitioner
- The immediate priorities
The objective is not to manufacture a perfect history. It is to establish an accurate one.
Think liquidation may be unavoidable?
Don't wait until somebody else starts asking the questions. Understand the position now.
Book a Confidential Initial ReviewConfidential | Practical | Independent