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Insolvency Help

Recent Articles

Could my Company Benefit from an Independent Business Review?

Introduction Independent Business Reviews (IBRs) are often requested by a lending bank when a company looks to be in some form of financial difficulty.  They can be viewed by directors as a painful, expensive exercise enforced by the Bank and which can lead to further financial problems.   However, there can be a benefit in …

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What is the cost of an Administration?

Administration is a formal insolvency process which places a company under the control of an Insolvency Practitioner and the protection of the court.  A ‘Notice of Intention to Appoint’ or ‘Notice of Appointment’ can be filed at court by the Director(s), qualifying floating charge holder, a company, or creditor to commence the process of Administration.  …

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Is my Company Insolvent?

Directors have a legal duty to ensure that their company is not trading whilst insolvent.  But what does “trading insolvent” really mean, and how can it be correctly identified?  In this article we provide an overview of the insolvency tests that can be applied to help company directors make an appropriate assessment of the situation. …

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Bridgewood is a trading style of Bridgewood Financial Solutions Limited (Company No: 06957765). Registered Office: Poynt South, Upper Parliament Street, Nottingham, NG1 6LF. Registered in England and Wales.

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Thomas Grummitt is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. In carrying out all work related to an insolvency appointment, insolvency practitioners are bound by the insolvency code of ethics and are subject to the regulations and guidance of their authorising body. Details of the code of ethics, statements of insolvency practice and other regulations and guidance issued by the Insolvency Practitioners Association can be found here: