Here is What You'll Learn
If you need to access funds locked in a frozen bank account, it can be an expensive process. Let us guide you.
One type of transaction that comes under scrutiny during a liquidation is preferential payments. We'll run you through the risks and pitfalls.
Directors Overdrawn Loan Accounts
If you have an overdrawn loan account, there are risks you need to be aware of when considering liquidation.
Directors Conduct Allegations
Most directors want to do their best, but simply don't understand the rules when the company is insolvent. Let us help you be compliant, and avoid any expensive mistakes.
Retained Earnings & Illegal Dividends
Drawing dividends informally to meet personal expenses is normal, but can be dangerous if your company is insolvent. We'll explain what precautions to take.
Post Petition Distributions
Every payment out of the company's bank account, any sales of assets or property, can result in a financial claim against directors. Learn how to minimise the risks...
About Kevin Pritchard
Kevin Pritchard is the Managing Director of 4R Business Recovery. He started 4R following the successful sale of his laboratory testing business in 2006 for a significant six-figure sum.
Prior to the business being sold it had gone through a debt restructuring process including a CVA. It was this journey, from insolvency to a significant investment gain, that inspired him to help other business owners.
As part of that journey, he discovered that most businesses need additional help and expertise to get the most out of the CVA process and secure a successful second chance.
For the last ten years, 4R Business Recovery has helped over 600 directors and business owners secure a second chance. Helping secure their future for themselves and their families, preserved business values, enhanced cash flow, and improved profitability.
What People Say
“Most of the people we met wanted money from us before they would do
anything. 4R actually took the bull by the horns, dealt with some of the immediate people, like the bailiffs."
OFFICE FIT OUT SUPPLIER
"Until 4R arrived we didn’t understand the concept of preference payments. We
really didn’t know the consequences of what could have happened if we had
taken back our own money and left our creditors at risk."
SCHOOL FURNITURE MANUFACTURER
"I’d like to thank 4R for their help, support and expertise in helping us turn around our situation and would certainly
recommend them to any businesses
confronting liquidation, like we did."