As leading Insolvency Practitioners in Birmingham and the West Midlands, 2020 truly has been the year of monumental challenges for businesses all around the world, including every section of the United Kingdom.
When looking at things on a regional level, the UK really has had a tough time of things this year, and businesses are still continuing on in this financial turmoil, as we’re all now living through a second lockdown in England.
Things are certainly not getting any easier for our home-grown small businesses , limited companies and corporate PLC’s
The Coronavirus pandemic has lead to an astronomical amount of business closures, both on permanent and temporary levels. Birmingham is a much beloved place in the UK, as not only is it England’s second largest city behind London, it also has a distinctive history of producing leading manufacturers in the automotive industry and more recently in the world of retail.
These are just a few of the reasons why we want to help protect and look after those companies that are in need of a helping hand over in Birmingham. The UK prides itself on its industry and we don’t want to see it being forgotten about any time soon.
The businesses that have had to permanently close down due to these issues thus far are both wide-ranged and highly varied. The list of Birmingham-based business closures includes shops, restaurants, sporting equipment stores, cafes and more. Research shows that the retail industry in Birmingham is one of the biggest sectors to have been affected across the entire area.
Birmingham-based licensed insolvency practitioners
Are you wondering what action you should take if you discover that your business is about to become or has already become insolvent? Keeping a company afloat in Birmingham can be extremely difficult, due to it being one of the hardest areas for ventures to grow and compete, thanks to the competition and high commercial costs. Our office is located just outside the city centre, we offer free and regulated advice with you would expect from a licensed practice.
Confidentiality is assured and we offer key expert advice on the protection of your personal information and financial situation. Like most insolvency firms we play a major role in working out the best solution for closing your business. If you trade as a sole trader, or are a director of a limited company with financial difficulties, we are here to help with financial difficulties.
By reading this article, you’re taking your first steps in the right direction and clearly looking for a solution to your business’ money debt problems. Here at Business Insolvency Helpline, we offer help from our team of experienced professionals, which includes licensed insolvency practitioners, whom have the knowledge and expertise to single out the financial problems within your company and stop them at their roots.
As a firm of licensed insolvency practitioners we have been in business for over 20 years, we have dealt with distressed businesses and individuals presenting a wide variety of situations. We offer a turnaround service to our clients, meeting personally with them throughout the Birmingham city area. Our services are bespoke service to clients as all issues are different, pre Covid-19 we would offer meetings at or near the clients’ premises, or our offices whichever is more convenient.
Birmingham’s leading specialist insolvency practice
Our team of Insolvency Specialists in the Birmingham office offers individuals, partnerships or companies a professional service, with care and empathy to assist with your businesses recovery.
At Business Insolvency Helpline we provide:
- Advice offered to Birmingham-based professionals, businesses and firms
- A clear assessment of your option before a formal insolvency process begins
- Calm and efficient resolution of insolvency issues
We are here to help and advise clients on which is the best possible route for under performing business or personal insolvency. Our clients vary from individual professionals to medium sized companies across the UK.
For any firm or individual facing the possibility of insolvency in the Birmingham area, due to pressure from HMRC, bailiffs, creditors or a winding up petition, we are a local Insolvency firm, that can advise you on how to deal with formal insolvency procedures correctly.
Birmingham Business Rescue
Our professional team in Birmingham has a mass of experience and know exactly what it means to take some of the pressure off stressed company directors.
If you need a practical introduction to the work of an experienced Insolvency & Turnaround Specialists in Birmingham contact us. If it is not possible to rescue a business, we assist clients by employing a number of tactics, liquidation, administration and voluntary arrangements.
Your insolvency practitioner will be able to inform you of the best option for your business. These are three of the most common options for insolvent companies:
Each of these options has advantages and disadvantages for your business, and none are perfect for every business. Depending on your company’s financial situation and viability, one of the above options may be more suitable than the others.
Still need more information about our Birmingham regional office?
Business Insolvency Helpline started to offer help and advice in 2001 and is a trading arm of Bridgestone Insolvency. We specialist in business rescue, turnaround and insolvency.
As leading insolvency specialists to small and medium sized businesses we have had great success year on year turning business around and preserving jobs and personal wealth. Our network has grown and to degree that we can offer outstanding business solutions that maybe needed in a distressed situation.
With our outstanding team of accountants and licensed insolvency practitioners in Birmingham, we hope to resolve most problems with business debts and insolvency. Our success is down to the understanding the challenges and problems that people face when working to build a successful business.
Our Birmingham based team can offer confidential advice and help you navigate the legal and financial upheaval surrounding insolvency and find the best outcome for your business. We are happy to arrange meetings for a free consultation at your registered office or head office anywhere in England and Wales.
Simply complete the online enquiry with your trading name or company name, directors / contact name, email address and phone number. One of our team will then be in contact with yourself.
Areas covered from our office in Birmingham include:
Birmingham Office Address:
28-30 Blucher Street