Christopher Andersen
Written By Chris Andersen
Director & Licensed Insolvency Practitioner
July 12th, 2023

AABRS is a well-established firm of corporate and personal insolvency practitioners in London providing a wide range of services and advice to small and medium-sized companies and to individuals who are facing financial difficulties.

We advise company directors and sole traders in considering their options when cash flow becomes unmanageable and they are unable to pay wages, bank loans, trade suppliers, or HM Revenue & Customs.

Once you become aware that you are on the edge of insolvency, it is important that you seek independent professional advice immediately. As we are a firm of Licensed Insolvency Practitioners, we are able to provide you with a full range of different options available which may include both formal and informal insolvency processes.

Directors and sole traders will come to us typically for advice as they may be experiencing financial problems or may have received either a winding-up petition or bankruptcy petition. Perhaps your business has been targeted by an HM Revenue & Customs investigation which has resulted in significant tax liability and are concerned about settling the tax liability.

AABRS will guide you through this stressful time and perhaps a voluntary liquidation or a voluntary arrangement might be an appropriate solution for your business. We are able to deal with your company’s creditors by advising them of the financial situation in accordance with the Insolvency legislation. This will alleviate the pressure on you as we will be communicating to your creditors on your behalf.

AABRS will ensure we look after your personal circumstances and minimise any losses to the business moving forward. It is vital that you seek professional advice on knowing that you are insolvent as the risks of continuing trading may result in ‘wrongful trading’ claims against you personally and it is crucial that AABRS gives you the professional advice to steer you in the right direction.

As a practice of Licensed Insolvency Practitioners we are regulated by the Insolvency Practitioners Association which ensures that our work and advice is of the highest standard. All our staff are highly trained within the field of insolvency and whilst our directors lead through a hands-on approach you can be assured that the rest of the team are able to continue in handling each insolvency case.

We also work closely with accountants and solicitors, offering advice and solutions to them and their clients. AABRS understands that professional advisors do require a specific expertise in the field of insolvency and it is crucial that they have a relationship with Insolvency Specialists not only to ensure that they retain their clients moving forward but also to ensure that their clients are given the most appropriate advice.