Business and Personal Recovery and Turnaround Services
Tailored Advice, Strategic Solutions, and Ongoing Support
At KRE (North) Limited, our primary goal is to help your business avoid insolvency whenever possible. Seeking professional advice early, at the first signs of distress, expands the range of solutions available.
Our expert review team collaborates with you and your advisors to thoroughly analyse your business’s financial health. By examining recent financial performance, we identify areas for improvement, cost savings, and profit maximization, then provide a detailed, phased turnaround strategy. Our ongoing support ensures successful implementation of the strategy.
We also work with individuals and their advisers to understand your current financial position. We can then identify ways to reduce outgoings through cost savings and consolidation and then provide detailed advice regarding the next steps. We will seek to support you at every point to enable successful implementation of the strategy.
Administration Services
Experienced Support for Businesses of All Sizes
Administration is a procedure aimed at rescuing companies, initiated by directors, floating charge holders, or creditors. When led by directors, it often involves a court application to enter administration, offering protection from creditor actions and valuable time to explore options.
Creditors Voluntary Liquidations (CVL)
Expert Handling of Liquidations for All Business Sizes
We bring extensive experience in managing various types of liquidations. CVLs are used to close insolvent companies, a process we understand can be highly stressful. Our team of specialists provides comprehensive support to guide directors through these challenging times.
Company Voluntary Arrangements (CVA)
Facilitating Agreements Between Insolvent Companies and Creditors
A CVA allows insolvent companies to reach legally binding agreements with creditors to repay debts partially or fully over an agreed period. Typically, creditors receive between 25% and 100% of the owed amount over about five years, based on the company’s repayment capacity.
Members Voluntary Liquidations (MVL)
Leading Service for Solvent Liquidations
For solvent companies, MVLs offer a tax-efficient way to close the business and return capital to shareholders. Preparation is key to a swift and efficient process. Our dedicated team works closely with your accountants and bookkeepers to prepare all necessary documentation and guide you through every step, offering a market-leading service.
Corporate Simplification
Streamlining Your Organizational Structure
Our solvent liquidations team collaborates with our business review experts to offer corporate simplification strategies. We assess your group structure, identifying cost-saving opportunities through the phased liquidation of dormant or non-core companies and occasionally the insolvency of underperforming ones.
Independent Business Reviews (IBR)
Customized Business Performance Assessments
Before making significant corporate decisions, it’s crucial for the Board and stakeholders to understand both the operational and financial aspects of the business, especially in times of distress. Our tailored reviews help evaluate available options and their implications comprehensively.
Personal Insolvency
Confidential Support for Individuals and Sole Traders
Often circumstances that lead to personal financial problems are stressful and sensitive for individuals and sole traders. We can provide confidential advice on your options and provide help when required. We have years of experience in personal insolvency and our team can provide expert advice to find the right solution to reduce their monthly outgoings and help them get back on their feet. We provide advice on the best debt solution to suit your personal needs and circumstances. The sooner we are involved the more options available to secure a workable option to relieve stress and bring your financial situation under control.
What our clients think
“We have been associated with Paul Ellison and his team for more than 10 years. In a difficult area they have provided an excellent service to our clients. They are very professional, attend to business at short notice and nothing is too much trouble. We have always been thanked most sincerely by those we have introduced.”