Beesley Corporate Recovery Ltd

Will I be Banned from acting as a director in the future? 🤔 This is one of the most frequently asked questions we hear, at Beesley Corporate Recovery, by Directors who are facing the difficult decision of closing their business. While there is no straight cut, one size fit's all answer here as each case is individual.. It was reported by the Gazette, that in 2023 there were a total number of 25,158 company insolvencies registered in the UK, and the total number of Director disqualifications in 2023/24 was 1,216. While these statistics may offer a glimmer of hope, the director should not shy away from seeking the advice of an insolvency practitioner sooner rather than later. For advice and support: North office: 01625 544 795 South office: 01442 233 123 East Midlands office: 01246 224 399 Jade@beesley.co.uk 07380 602461

✨ Meet Lindsey! ✨ For our next instalment of our 'meet the team' series, we have the wonderful Lindsey Hall - our Senior Corporate Insolvency Manager. Lindsey's career began within the insolvency service, before she moved to the private sector. She specialises in all aspects of corporate insolvency work, focusing mainly on contentious recoveries. When she's not in the office, she is often kept busy by her young children, however, loves to indulge in a good book when she can find a moments peace. She also loves to travel the world and see what is on offer, her favourite place so far is Bangkok in Thailand. #meettheteam #ourpeople #insolvency #corporateinsolvencyspecialists

“I will present this to parliament, before the summer recess” Last week the UK voted the Labour party into the driving seat, and yesterday Rachel Reeves has announced that she has launched a review into the UK’s spend ahead of the autumn budget, which she plans to present ahead of the summer recess. This announcement may prompt businesses to speed up their decision-making processes regarding MVL applications. Companies that have been contemplating an exit strategy or winding up their operations may find this as an opportune time to move forward. A Members Voluntary Liquidation (MVL) is a solvent liquidation process initiated by a company’s Directors/shareholders to wind up the business in an orderly manner. This can be an attractive option for companies looking to distribute their assets to shareholders, settle any outstanding liabilities and bring the business to a close while complying with legal requirements often in the most tax efficient manner. We often see an increase for the requirements of an MVL when there are changes in policies on the horizon, therefore we recommend that if you have clients who are considering this as an option you are advised to contact us and act soon as possible. For advice and support: North office: 01625 544 795 South office: 01442 233 123 East Midlands office: 01246 224 399 Jade@beesley.co.uk 07380 602461

✨ "Great things in business are never done by one person; They are done by a team of people." ~ Steve Jobs We understand the role team-building activities play in enhancing workplace culture and morale, not to mention productivity; therefore we like to try and arrange a quarterly social. Last Friday afternoon, we collectively took to the Black Cat Club, in Manchester for an afternoon of fun, games and a lot of laughter. Shuffleboard certainly brought out the competitive side in some of us 😅

As the UK gears up for a general election on the 4th July and a potential change in government many businesses may find themselves facing uncertainties and challenges that could influence their decision-making processes. For those that may have been considering retirement or an exit strategy, elections often bring a sense of instability and unpredictability as political parties present differing visions and policies for the future. One pragmatic approach that businesses may consider is the option of a Members Voluntary Liquidation (MVL). An MVL is a solvent liquidation process initiated by a company’s Directors/shareholders to wind up the business in an orderly manner. This can be an attractive option for companies looking to distribute their assets to shareholders, settle any outstanding liabilities and bring the business to a close while complying with legal requirements often in the most tax efficient manner. The prospect of the forthcoming election may prompt businesses to speed up their decision-making processes regarding MVL applications. Companies that have been contemplating an exit strategy or winding up their operations may find the pre-election period as an opportune time to move forward. Here at Beesley’s we often see an increase for the requirement of MVL’s when there are potential political changes on the horizon so we recommend that if you have clients who are considering this as an option you are advised to contact us and act soon as possible. For advice and support: North office: 01625 544 795 South office: 01442 233 123 East Midlands office: 01246 224 399 Jade@beesley.co.uk 07380 602461

🌞 It's not all doom and gloom 🌞 Facing company insolvency can be daunting, but did you know that #insolvency isn't just about closure? There are a number of alternatives that we can look at, which can offer a brighter future and new beginnings. Remember we are just a call or an email away, if you, or your client need professional advice to navigate challenging circumstances. North office: 01625 544 795 South Office: 01442 233 123 East Mids Office: 01246 224 399 jade@beesley.co.uk 07380602461 #insolvency #restructuring #heretohelp #corporateinsolvency #insolvencysolutions

Corporate insolvencies fell month-on-month and year-on-year in May, but numbers were still almost 50% higher than they were pre-pandemic, according to new figures from The Insolvency Service.   Personal insolvencies saw a slight yearly increase, but fell by 15.7% from levels seen before COVID.   Commenting on the statistics, R3 President Tim Cooper of Addleshaw Goddard said that a number of short and long-term issues were continuing to affect businesses, but with the economy growing in the first quarter of this year and predicted to grow again in the next quarter, the tide may be about to turn for the better. Despite this, he noted that the business climate remains challenging and urged anyone facing financial difficulties to seek advice as soon as possible.   You can read the full statement here: https://lnkd.in/eV76rQri   #insolvency #restructuring R3 Association of Business Recovery Professionals

Are you an Accountant or Financial Intermediary? Let’s Chat! North office: 01625 544 795 South Office: 01442 233 123 East Mids Office: 01246 224 399 #insolvency #restructuring #heretohelp #corporateinsolvency #insolvencysolutions Kevin Aston Mike Davies Annette Reeve Jade Morrison CeMAP

⭐ Our People ⭐ Here at Beesley's we believe our people are the key element when providing the seamless, person centred care and advice to our clients and yours. The 'Meet the Team' is your chance to meet the people that make it all happen! Kicking us off we have Annette Reeve - our Licenced Insolvency Practitioner. Annette has over 20 years experience within the insolvency sector, both personal and corporate. Her career began at one of the 'Big 4' firms, where she qualified as a Chartered Accountant. She then went on to pass the JIEB exams and gained her insolvency licence. When she is not in the office, Annette loves nothing more than long walks in the countryside and is partial to a camping trip.. Although given the choice of camping or a trip to Egypt - Egypt would win hands down! #meettheteam

As the UK gears up for a general election on the 4th July and a potential change in government many businesses may find themselves facing uncertainties and challenges that could influence their decision-making processes. For those that may have been considering retirement or an exit strategy, elections often bring a sense of instability and unpredictability as political parties present differing visions and policies for the future. One pragmatic approach that businesses may consider is the option of a Members Voluntary Liquidation (MVL). An MVL is a solvent liquidation process initiated by a company’s Directors/shareholders to wind up the business in an orderly manner. This can be an attractive option for companies looking to distribute their assets to shareholders, settle any outstanding liabilities and bring the business to a close while complying with legal requirements often in the most tax efficient manner. The prospect of the forthcoming election may prompt businesses to speed up their decision-making processes regarding MVL applications. Companies that have been contemplating an exit strategy or winding up their operations may find the pre-election period as an opportune time to move forward. Here at Beesley’s we often see an increase for the requirement of MVL’s when there are potential political changes on the horizon so we recommend that if you have clients who are considering this as an option you are advised to contact us and act soon as possible. For advice and support: North office: 01625 544 795 South office: 01442 233 123 East Midlands office: 01246 224 399 Jade@beesley.co.uk 07380 602461