Pre-Pack Administration
Process Advice
80%
Over 80% Of Debt Wiped
Out On Average
100+
Companies Helped
£££
£Millions In Debt
Written Off
Pre-Pack Administration Process
At Boardroom Punks, we have a team of business-savvy professionals that use innovative alternatives to help rescue your company. Keep your business on its own feet with Boardroom Punks.
Pre-pack administration is the sale of a company’s assets. The buyer of the assets may be connected to a company – an existing shareholder – already. However, those negotiating through the pre-pack administration process may look to find unconnected buyers. Unlike administration, pre-pack administration relies upon the complete sale of a business or at least a considerable amount of its shares. Once the sale is completed, the old company will be liquated. At first glance, this may sound daunting, especially if you are trying to fight to keep your business afloat. In reality, the liquidation of an old enterprise ultimately gives way to the creation of a new enterprise, meaning your company has a chance to be rescued as a new entity. The Boardroom Punks understand how difficult this prospect may be. If you have given everything to your enterprise, the thought of losing say over its assets might cause you a few too many sleepless nights. We look to gear all our solutions toward your company’s long-term survival, and pre-pack administration may be your best opportunity to salvage what you’ve created. 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 save both your company and your livelihood.
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Pre-Pack Administration Advice The Punk way
At Boardroom Punks, we take an innovative new approach to helping businesses. We aim to work on every solution possible before the insolvency practitioners are called in. If you seek our pre-pack administration services, be assured that we have your interests in mind. SMEs are the backbone of our local economy, and we want to ensure that 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 a variety of team members at Boardroom Punks with expertise in debt, VAT bills, business and project management, and government loans. Whatever stage you are at of pre-pack administration, know that we are only a phone call away. You may be considering what assets to sell or who could be potentially interested in purchasing them. You may not have even considered the pre-pack administration as a solution at this point. The Boardroom Punks will help you come to the best possible decisions.
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.
Pre-pack administration & Company Voluntary Arrangement advice
The existing shareholders and the director must agree on a fee with the person or company who has chosen to buy the assets. Once the fees are agreed upon, and the direction of the new company is outlined, the pre-pack is completed. The swiftness of the process allows the business to continue trade. There is also protection from job loss. For example, if the pre-pack administration has been agreed upon because of an issue with debt rather than efficiency, then it is unlikely that multiple employees will be made redundant.
However, despite its growing popularity in the world of business, the pre-pack administration is not bulletproof. In some cases, there may be a conflict of interest between any existing shareholders and those who are buying assets. In these cases, it can be hard for a director to watch the change in personnel and outlook of a business.
Find out more about
alternatives to insolvency & administration
With a free and confidential phone consultation, you can express any concerns surrounding debt you may have without any unnecessary pressure. If we believe that we can create an effective plan for your business, we will organise a meeting to analyse the problems in greater depth so that you can see how serious we are about saving the SME in question. Once the numbers are agreed upon, we will outline and execute the master plan that will allow your business to continue growing.
You are not alone during these difficult times, and the Boardroom Punks have your back.
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“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.”