0871 222 8308

Individual Services

For Sole Traders, Partnerships and individuals

Refinancing solutions

Individuals can approach Walsh Taylor who will discuss their requirements to refinance. This may include recommending approved suppliers to renegotiate hire purchase agreements for example. If you have been made redundant but your employer has been unable to pay you your rightful redundancy monies, Walsh Taylor can give advice for you to obtain these monies (up to a limit) from a Government organisation.

Negotiations with creditors

Walsh Taylor takes an active role in mediating with creditors and negotiates on behalf of the client to conclude formal or informal arrangements.

Individual Voluntary Arrangements

In essence, an Individual Voluntary Arrangement ((IVA)) is a contract between an individual and his / her creditors. It is a formal arrangement that is approved in law and provides protection from creditor pressure.

Partnership Voluntary Arrangements

Partnership Voluntary Arrangements (PVA) is very similar to the voluntary arrangements for an individual but spookily is in relation to a partnership.

Partnership Liquidation

To formalise and close an insolvent partnership. It is unlawful to trade insolvently and the liquidation may be a route chosen by the partners or forced upon them by creditors. In essence, the partners lose all control of their partnership assets.

Bankruptcy

Bankruptcy is where an individual opts, or is forced by creditors, to relinquish all control of their assets. Walsh Taylor is able to act as a Trustee to administer an individual’s insolvent estate and sympathetically deals with all the financial issues.

Corporate Services

For Directors/Partners

Do’s and Don’ts whilst an Officer of a Company

Directors/Partners should not at any time act in a fraudulent or illegal manner because it may result in a personal liability for the individual directors/partners. Walsh Taylor can provide assistance for those Directors/Partners who are unsure of their responsibilities.

Advice on Solvency Issues

Technically it is illegal to trade while insolvent. Walsh Taylor can provide practical assistance to try and ensure trading is appropriate for the Company.

Personal Guarantees

Simply, a personal guarantee is where an undertaking is given by a Director or Partner, to guarantee a credit facility for the Company. If the Company cannot repay the credit taken, then he / she has a legal responsibility to settle the outstanding amount personally.

Limited Companies

Business Turnaround

Business turn around is where an ailing company acts on external advice to return to a solvent trading position. With Walsh Taylor’s experience in the insolvency market, there are very few trades we haven’t seen before. Although we would love to be surprised by a new one!

Refinancing Solutions

If Companies require refinancing solutions, Walsh Taylor have options to introduce external firms who specialise in hire purchase, commercial finance, asset finance etc.

Company Voluntary Arrangements

A Company Voluntary Arrangement (CVA) is a contract between a Company and its creditors to enable it to continue trading from an insolvent position. If companies have to downsize to do this, Walsh Taylor can provide advice and assistance to employees to enable them to claim outstanding monies owed to them, for example Salary, holiday pay etc.

Administration

When a Company goes into administration, it is placed in the hands of an Administrator who assumes the day to day control of the business. The intention of this is to enable the business to be sold as a going concern or to provide a better return to creditors in the event of a liquidation.

Liquidation

Essentially a liquidation is a bankruptcy for a company. It is the closure of an insolvent company. Walsh Taylor can act as a liquidator to manage and disperse assets to creditors.