Business insolvency advice in London
Untangle a business operating through several companies
For a London group or owner-managed business, shared staff, premises and branding can obscure which company holds each obligation. Start with a legal-entity chart and separate cash, asset and creditor schedules. A profitable group total can hide an insolvent individual company.
Review intercompany lending, guarantees and shared contracts before deciding on a restructuring. Moving assets or income between entities can affect creditors and requires appropriate advice. If one company needs liquidation, the consequences for the remaining businesses should be examined rather than assumed.
Speak to an adviser
Quote London and tell us your postcode so we can discuss suitable arrangements.
If a notice has a deadline, give us the date and the type of notice at the start of your enquiry.
Support across London and the surrounding area
We support company directors in London, Greater London, including businesses in the EC1A postcode district. You can also contact us from Westminster, Southwark, Islington, Camden. Give us your full trading postcode and company details so the discussion starts with the right business and location.
Initial support is available by telephone and online enquiry. The locations listed describe our service coverage; they are not advertised walk-in offices. Any proposed meeting needs to be arranged in advance.
Premises and staffing commitments across several activities
A London company may operate from more than one site or provide several services under one legal entity. Separate the margins and liabilities before proposing a rescue. Review leases and guarantees alongside the trading plan so that savings are not overstated or liabilities overlooked.
The problem and possible next steps
Customers paying late: separate realistic collections from disputed or uncertain invoices. Check whether earlier billing, collection work or cost reductions would leave enough cash for current bills and arrears.
A viable business with historic debt: discuss rescue options using an achievable forecast. Any formal creditor arrangement needs specialist assessment and the required approvals; closure options should also be considered if repayment is not sustainable.
For issues involving professional services, see our sector guidance. We consider the business’s actual contracts, costs and liabilities rather than assuming every company in London faces the same problem.
Questions from London business owners
Can a profitable sister company automatically support another company?
Support needs to be available, properly authorised and considered in both companies' interests. Identify its terms and affordability instead of assuming group ownership makes funds freely transferable.
Do you help businesses in EC1A and around London?
Yes. Our enquiry service covers London and nearby areas including Westminster, Southwark, Islington. EC1A is one example postcode district, rather than a boundary for advice. Tell us your full postcode and where the company is registered when you contact us.
Can a profitable firm still need insolvency advice?
Yes. Fees recorded as income do not necessarily provide cash for wages, tax or rent. Review unpaid and unbilled work, client disputes and the cost of completing current assignments alongside the business’s total liabilities.
What should I have ready when discussing my London company?
Prepare a summary of creditors, cash available, unpaid customer invoices and the next essential payments. Include tax arrears, finance agreements and any personal guarantees. Mention legal notices and their deadlines at the start; you do not need a finished recovery plan to make an initial enquiry.
Explore your options
Company rescue and liquidation services · HMRC arrears support · Director responsibilities
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