BEWARE UNREGULATED ADVISERS!
21/11/19 | Business Recovery
By Tim Corfield
Would you go to an unqualified physician for a surgical operation? No.
So, why do so many directors seek advice from unqualified, unregulated, possibly uninsured advisers? The most likely explanation is, of course, they don't know and they don't understand the importance of getting the right advice when their company is facing financial difficulties.
Help is at hand with our large and small business debt solutions! R3 (Association of Business Recovery Professionals) have issued a user friendly booklet to help guide directors when they are faced with these problems - have a look yourself.
I suspect unqualified advisers won’t make this available!
Only licensed insolvency practitioners (IP's) can carry out, legally, an insolvency procedure, such as a creditors’ voluntary liquidation, company voluntary arrangement or administration. Any unlicensed adviser would still need to refer a director to a licensed IP to carry out a formal insolvency procedure which, in itself, would represent an immediate duplication of costs.
Griffin & King have been insolvency practitioners since 1986 - that's 33 years of helping people in financial difficulties - that's what we do, that's all we do. We get most of our referrals from local professionals which means you can trust us to help your clients through their most difficult times. Have a look at some of our recent testimonials.
If you have a client that needs insolvency advice please call me, Tim Corfield or any one of my team. We'd be pleased to help.
We’d be pleased to have a meeting to discuss and advise on any issues that are causing concern (totally confidential and free of charge).
We have assisted many people with large and small business debt solutions. If you would like insolvency advice, or further information on company insolvency please contact Griffin & King Insolvency Practitioners on 01922 722205, and speak to me (Tim) Mark, or Janet.
You can also contact Janet by email on email@example.com, or by text or calling on 07545 806 531.