Pre-packs are on the up

Between November 2015 and December 2016, there were 752 pre packs in the UK with 192 of those involving connected parties, including former owners, according to data released by The Insolvency Service. These statistics have reignited criticism of this insolvency tool.

Should your business find itself in the regrettable situation where insolvency advice is needed, it will inevitably be a time consuming and potentially stressful process. The experts at our partner business, BM Advisory, can sympathetically guide you through that process in compliance with the regulations.

It may be that upon investigation other alternatives, such as corporate refinancing, is appropriate and available. Our partner business, BM Structured Finance, has provided alternative solutions for many businesses. If you would like to discuss your requirements please contact Simon Belton or your usual Beavis Morgan partner.