Revive Financial Stability with Expert Recovery and Restructuring Advisory Services
In times of distress, a strategic lifeline can make all the difference. Xeinadin is your trusted partner for comprehensive Recovery and Restructuring Advisory Services.
Don't let insolvency define your future
The new Restructuring Plan is a powerful and flexible new court supervised restructuring process that will likely find favour with English law governed credit agreements or contracts to bind stakeholders to a rescue plan. Unlike a Scheme of Arrangement, the Corporate Insolvency and Governance Act 2020 (‘CIGA 20’) permits a Restructuring Plan to be imposed on a dissenting class of creditors, a so-called “cross-class cram-down” which we evaluate in detail below.
Why Choose Our Recovery and Restructuring Advisory Services
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Tailored Strategies for Every Situation
We understand that no two businesses are alike. Our experienced advisers craft customised recovery and restructuring strategies to address the unique challenges your business faces. Whether it’s managing debt, renegotiating contracts, or streamlining operations, we’ve got you covered.
02
Expertise That Counts
Our team of skilled Insolvency Practitioners bring a wealth of industry experience to the table. With a deep understanding of financial laws and regulations, we navigate the intricate landscape of insolvency with finesse. Our track record of successful outcomes speaks volumes about our commitment to client satisfaction.
03
Comprehensive Financial Analysis
Our advisory services kick off with a thorough assessment of your financial landscape. We delve deep into your financials to identify underlying issues, bottlenecks, and potential areas for improvement. This analysis forms the bedrock upon which we build your recovery roadmap.
04
Holistic Approach to Restructuring
Recovery isn’t just about fixing immediate problems – it’s about fostering long-term resilience. Our restructuring experts not only guide you through the crisis but also develop strategies to position your business for sustained growth. From optimising your capital structure to reimagining your business model, we leave no stone unturned.
Find your local office
With more than 130 offices across the UK and Ireland we have one of the largest office networks of any accountancy firm. To find your local Xeinadin team, just click the button below.
Get in touch
Whether you have a clear goal in mind or are open to exploring possibilities, we’re at your service to assist you.
Our Recovery and Restructuring process
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Assessment Phase: Our experts conduct a comprehensive assessment of your financial health, identifying critical areas for intervention.
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Strategy Development: Based on the assessment, we design a tailored recovery and restructuring plan that aligns with your goals.
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Implementation: We work closely with your team to execute the strategies, making real-time adjustments as needed.
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Monitoring and Optimisation: Recovery is an ongoing process. We continuously monitor the progress, optimising strategies for optimal results.
FAQs
A Members’ Voluntary Liquidation (MVL) is a formal process used to wind up a solvent company’s affairs and distribute its assets among shareholders. This voluntary procedure is initiated by the company’s directors and is suitable when the company is financially sound but the shareholders decide to close it down.
An MVL is appropriate when your company is solvent, meaning its assets exceed its liabilities, and the directors and shareholders have decided to cease trading and distribute the company’s assets among shareholders in an orderly manner. It’s commonly used for retirement, restructuring, or the conclusion of a business’s lifecycle.
Opting for an MVL can offer several benefits, including potential tax advantages for shareholders due to the capital gains tax treatment, better control over the winding-up process, and a legally compliant way to close the business while distributing assets among shareholders.
The duration of the MVL process can vary based on the complexity of the company’s affairs, the number of assets to be realised, and other factors. On average, an MVL usually takes around 3 to 12 months to complete.
Directors initiate the MVL process by making a formal declaration of solvency. Shareholders then pass a special resolution to wind up the company. The appointed liquidator takes charge of realising the company’s assets, settling any outstanding liabilities, and distributing the remaining funds among shareholders.
The liquidator can be chosen by the company’s directors or shareholders. It’s important to select a licensed insolvency practitioner who has the necessary experience and expertise to handle the MVL process effectively.
The appointed liquidator takes control of the company’s assets, which are then sold or realised. The proceeds are used to pay off any outstanding debts and liabilities. After settling these obligations, the remaining funds are distributed among shareholders according to their shareholding proportions.
No, an MVL is initiated when the decision has been made to cease trading. The company’s main purpose during the MVL process is to realise its assets, settle its debts, and distribute the remaining funds to shareholders.
MVLs can have tax implications, particularly for shareholders. In many cases, shareholders can benefit from capital gains tax treatment, which may result in lower tax rates compared to income tax rates. It’s recommended to consult with tax professionals to understand the specific tax implications for your situation.
If you’re considering an MVL for your company, it’s essential to consult with experienced Insolvency Practitioners who specialise in this process. Reach out to our team for a free consultation, where we can discuss your company’s unique situation and provide tailored guidance for a successful MVL process.
Our Corporate Recovery advisors specialise in:
Our Corporate Recovery advisors specialise in:
Meet our Corporate Recovery Directors
Alessandro Sidoli
Partner & Licenced Insolvency PractitionerManchester
Alan Fallows
Director & Licenced Insolvency Practitioner
Charles Brook
Director & Licenced Insolvency PractitionerManchester
Allan Cadman
Director & Licenced Insolvency PractitionerManchesterRelated Insights
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