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Winchester Office - Insolvency Practitioners

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EXISTING CASES AND CONTACTS

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  • General Office Enquiries
  • Contact a member of our team
DISTRESSED DIRECTORS ADVICE LINE

  • Advice for Directors in Distress
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  • Request a Quotation

Welcome to Begbies Traynor in Winchester. We are a group of licensed insolvency practitioners and business turnaround experts helping companies in Winchester and across Hampshire understand their options for rescue and closure.

At our Winchester office you will find a talented team of licensed insolvency practitioners and business turnaround professionals, all committed to assisting company directors, shareholders, and sole traders during their toughest times.

If your company is insolvent, or you are concerned it is heading that way, seeking professional advice at the earliest possible opportunity is vital. Left alone, financial issues often escalate and can rapidly push a viable business to the brink of insolvency. Financial distress displays itself in a variety of ways, but you should be alert to any tightening of cash flow, soaring monthly costs, or an inability to secure finance or extend existing funding channels.

Depending on where your company is feeling financial pressure, as well as how receptive your creditors are when it comes to renegotiating your liabilities, there are several options we can consider, including:

  • A Company Voluntary Arrangement (CVA) which functions as a formal payment plan entered into by an indebted company and its creditors. Once approved, it becomes legally-binding on all sides and aims to provide a company a way of repaying what it owes in an affordable and sustainable manner.
  • Placing a company into administration provides time, breathing space, as well as legal protection while the company is being restructured. The aim of administration is to save as much of the business as possible, or else to maximise returns for creditors.
  • Informal options such as arranging a Time to Pay (TTP) plan with HMRC for tax arrears, or introducing new funds into the business to immediately improve cash flow.

Unfortunately, not all companies can be saved, and if you would like to explore the possibility of liquidating your company, we can talk you through the whole process, and as licensed insolvency practitioners, we can act as liquidators if formally appointed.

Arrange a free consultation at our Winchester office to learn more about your options.

Winchester Address 1 Winnal Valley Road, Winchester, SO23 0LD
Office Hours:
Monday to Friday 09:00 - 17:15

Winchester Office Contact Form


Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Case Studies


T-shirts on hangers
2nd Thoughts Ltd

2nd Thoughts Ltd, trading as Ellie Louise and Happit, was sold by our Leeds team after this long established chain fell victim to the retail sector downturn. Moving quickly they secured a buyer three …

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Architect making a model house
Architects

The Company had relationships with some national house builders as well as smaller Companies.  They had experienced cash flow issues due to slow paying debtors and this meant that they had fallen beh…

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Large scale printer
Capital Print & Display

This London-based large-scale printer was given a cash payment to move from its site by the London Development Agency (LDA), making way for London’s 2012 Olympic Park. After moving, the firm experie…

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Begbies Traynor News


650,000 UK Businesses Facing Significant Financial Distress
July 28th 2021

The latest Red Flag Alert research for Q2 2021 has recorded 650,000 businesses in ‘significant financial distress’ – the second highest distress level ever recorded by this research.

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Liquidators appointed for Liverpool School of English
July 14th 2021

A language school in Liverpool which has taught thousands of international students for more than 20 years has ceased trading and entered voluntary liquidation.

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Scott Kippax takes reins at Begbies Traynor in Exeter following promotion
July 8th 2021

Scott Kippax has been promoted to partner at Begbies Traynor Group’s Exeter office, taking the reins at the firm’s Balliol House premises in the city.

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