Business Administration
& Insolvency Advice
80%
Over 80% Of Debt Wiped
Out On Average
100+
Companies Helped
£££
£Millions In Debt
Written Off
company Administration & insolvency advice
At Boardroom Punks, we prioritise innovative business solutions aimed at small business owners that can rescue your failing business from closure. Company administration & the administration process is a tricky thing to navigate, but we will give you expert advice tailored to saving your company.
When you are struggling to manage the demands from creditors, debt payments and the interests of your company, you may need to consider administration. In this process, a licensed insolvency practitioner will be appointed to see if they can rescue your company from complete insolvency. Administrators are usually appointed by the directors or the shareholders of the company.
The appointment of an administrator will take the pressure off of your enterprise. Once your enterprise registers as being in the process of administration, it is granted protection from any secured and unsecured creditor. However, if a team of administrators decide that the only direction for your company is insolvency, then they will look to negotiate the liquidation of your company through other means. For any business owner, this can be a daunting process. Not knowing whether your business will survive can impact your personal life and working relationships. The Boardroom Punks understand how difficult this is, and so we always gear our solutions toward improving your enterprise and livelihood. We have helped business owners like you wipe off 80% of their debt, and there is no reason why we cannot do the same for you. Read on to find out how we can help save your insolvent company.
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Business administration advice - The Punk way
At Boardroom Punks, we take an innovative new approach to business rescue. We aim to work on every solution possible before the licensed insolvency practitioners are called in. If you seek our business administration advice, be assured that we have your interests in mind. SMEs are the backbone of our local economy, and we want to ensure they are protected at all costs. Jobs, livelihoods, families, and futures are all interconnected with SMEs. The alternative approaches we offer are designed to protect both your business and lifestyle.
We have an elite team of financial experts that are serious about their trade. We have expertise in secured debt, VAT bills, business and project management, and government loans. So whether you are debating with other shareholders about appointing an administrator or actively seeking administration, the Boardroom Punks will help you make the best possible decisions. We’ll help get creditors off your back whether they are secured creditors, unsecured creditors or a preferential creditor.
WHO ARE THE BOARDROOM PUNKS?
Our business model was founded upon our managing director David Morgan’s experiences. In 2008 he received the news that his chain of opticians was trading insolvent and facing liquidation. After battling with the liquidators and the loss of assets of over £250,000, David dedicated his time to finding alternative solutions that would help with restructuring both his own business and the SMEs of the future. Today, Boardroom Punks is the solution that our director strived for, and we believe that we have the right tools in place to get any business back to a state where it can stand on its own two feet.
However, don’t just take the claims of expertise from ourselves. Our business experts have tested their skills in many different trading models. Beauty salons, haulage companies, decorators, and even jewellers have all needed the advice of Boardroom Punks. Whatever type of company you are looking to salvage, know that our solutions have been tried and tested across many different businesses. Some of the cases we are currently working on include businesses in the fitness industry, window installation, and wine. We always encourage our future clients to reach out and speak to those who have worked with us, as they are the best proof of our success.
Administration, Outstanding Debt & CVAs (Company Voluntary Arrangement)
If the outstanding debt cannot be negotiated between the creditors and debtors, it is at this point that administration may be considered, including pre pack administration. Should the company go into administration, the appointed administrator will still look to explore the avenue of a company voluntary arrangement, but there are other options they will also consider. Some of these include the selling of a business or the assets of the business, the closure of a company, bank loans and even the attempt to find new investors in the company.
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What happens when administration is declared?
If an administrator is appointed, the assets of a company are handed over. This is to protect them from the creditors’ demands. An administrator will have eight weeks to contact the creditors to inform them about the direction taken. Once the company is in the hands of an administrator, the business will operate through them.
At Boardroom Punks, we ensure that we seek out the most viable business solutions to keep your company running. Many business owners fear handing over the reins of a company to an administrator or insolvency practitioner. You may have spent your whole life designing and planning the direction of your business, and after a few bad months of business that may have been the result of something out of your hands, you are now facing a decision you cannot control. We understand these fears, and during any process of administration, we will work closely with you to ensure that there is complete transparency.
Take the first step towards saving YOUR business. Call us now or fill in our form, and we'll take it from there.
“I was in a very bad place, David and his team saved my life, they were the ideal choice.”
Alan T
“The team at Boardroom Punks genuinely care and listen to client’s needs; most firms simply want the solution for a client where they make the most money.”
Mike W
“We had VAT issues that were affecting our ability to control cash flow. Since working with the Boardroom Punks team we’ve been able to move our business forward with a solution that perfectly suited our needs.”