Best Asset Management Ltd – Important Court decision obtained
The Joint Administrators of Best Asset Management Ltd (EWS) and ABC Alphas Business Centres (UK) Limited (Mazars) have for some time been seeking the agreement of the Courts in the…
Brexit: Cross-border insolvency proceedings after 31st December
Following the end of the transition period on 31st December 2020 and the United Kingdom’s complete and final departure from the European Union, significant changes to cross-border insolvency proceedings came…
EWS LLP appointed administrators of Best Asset Management Limited.
On 6 December 2019 Mark Tailby and Graham Wolloff were appointed as Joint Administrators of Best Asset Management Limited. Any interested parties should contact our offices for further information at leicester@ewsllp.co.uk or…
Lenders
Collaboration is at the heart of everything we do. It’s this principle which continues to help us enjoy successful on-going partnerships with selected Finance Lenders in the UK. We understand…
Business Advisors
Collaboration is at the heart of everything we do. It’s this principle which continues to help us enjoy successful on-going partnerships with selected Business Advisors in the UK. We understand…
Trade Associations
Collaboration is at the heart of everything we do. It’s this principle which continues to help us enjoy successful on-going partnerships with selected Trade Associations in the UK. We understand…
Solicitors
Collaboration is at the heart of everything we do. It’s this principle which continues to help us enjoy successful on-going partnerships with selected Law Firms in the UK. We understand…
Tax Advisors
Collaboration is at the heart of everything we do. It’s this principle which continues to help us enjoy successful on-going partnerships with selected Tax Advisors in the UK. We understand…
Accountants
Collaboration is at the heart of everything we do. It’s this principle which continues to help us enjoy successful on-going partnerships with selected Accountancy Practices in the UK. We understand…
Equity Funding
Equity funding may be required either in high-growth situations, where the owner’s capital resources are insufficient, or where there further funding is required to meet key milestones or objectives. We…
Debt Funding
Debt financing includes both secured and unsecured loans. For secured loans, the security may either be a charge on a specific asset type or a general ‘floating’ charge. In either…
Exclusive Funding Streams
EWS have identified that in certain instances a quick cash injection can help our clients to either avoid a formal insolvency or to produce better results for creditors in an…
Overview
In order to fund the growth or turnaround of a business, it is necessary for the owners to have available sufficient financial resources; which may be either debt or equity.…
Restructuring
Our business restructuring services involve working closely with management to review the operational and financial performance of the business, to identify weaknesses and to provide tailor-made solutions to restructure the…
Interim Management
We work with current management to deal with financial underperformance by stabilising the business, managing key stakeholder relationships and building a strong platform for the future. We recognize that some…
Business Planning
We can help you write a business plan and help you get to where you need to be. At EWS, we have access to specific tools which enable business…
Debt Management
A Debt Management Plan is an informal agreement with one or more creditors to repay the outstanding debt over a period of time. The reduced amounts will be negotiated between…
Refinancing
Businesses that require funding for expansion or working capital sometimes face difficulties with their existing lenders. The finance market is increasingly complex with traditional bank lending now supplemented by a…
Consultancy
EWS provides Turnaround support, specific to each particular case and often work with existing advisors. All businesses differ, just as much as the challenges being faced. Our turnaround specialists focus…
Bankruptcy
If no other debt management solution is appropriate and there is no prospect of the person dealing with their debts or being able to fund a settlement, then it will…
Individual Voluntary Arrangement
An IVA is a legally binding agreement between an individual and their creditors for the satisfaction of debts by way of a compromise. An IVA is usually based upon income…
Debt Relief Order
A Debt Relief Order is a way to deal with problem debt and is specifically designed for people with few assets and a relatively low level of debt. You may…
Informal Arrangements
If you have a problem with long-term debt, then informally negotiated agreements with creditors may involve either: Payments from your income, or Payments from lump sums you receive for example…
Rescue & Turnaround Support
Whether a business is looking to redress underperformance, overcome financial problems or gear up to maximise growth potential, our Turnaround specialists help by working as an integral part of your…
Business Finance Appraisal
Raising capital to stabilise or grow your business can be difficult and the effects of an investment need to be carefully assessed before any funding is raised. We can help…
Strike Off
Where a limited company has reached the end of its useful life, is dormant with no assets or even insolvent with no funds available to pay for a liquidation, EWS…
Receivership
Although Administration has become the normal process for a secured lender to seek to recover the debt owed by an insolvent company, it is still possible for a secured lender…
Liquidation
For some companies, the turnaround of its fortunes is just not possible and the formal insolvency options aimed at rescue, CVA and Administration, are not appropriate, the decision may have…
Pre-packs
Pre-packaged Administration (known as a Pre-Pack) is where it is known that the company is insolvent but the best outcome for creditors requires that there is a pre-arranged sale of…
Administration
Administration is a procedure aimed at rescuing a company in financial distress or, if that’s not feasible, creating a better result for creditors than would have been the case from…
Partnership Voluntary Arrangement
A Partnership Voluntary Arrangement (PVA) is a formal insolvency procedure which enables a partnership business to make a proposal to its creditors for a plan to deal with its outstanding…
Company Voluntary Arrangement
If a company has a viable, profitable business but has been unable to manage its cash flow by agreement with its creditors, then it may be necessary to ask the…
Members Voluntary Liquidation
This procedure enables the close down of a solvent company where any surplus funds or assets (after creditors have been paid in full) are distributed to shareholders in a tax-efficient…
Refinancing
Businesses that require funding for expansion or working capital sometimes face difficulties with their existing lenders. The finance market is increasingly complex with traditional bank lending now supplemented by a…
Business Restructure
Our business restructuring services involve working closely with management to review the operational and financial performance of the business, to identify weaknesses and to provide tailor-made solutions to restructure the…
Rescue & Turnaround Support
Whether a business is looking to redress underperformance, overcome financial problems or gear up to maximise growth potential, our Turnaround specialists help by working as an integral part of your…
Viability Assessment
Sadly, not all great ideas translate into great businesses. You may have developed a fantastic product or service, but you need the right business model, pricing, funding, marketing and people…
Business Finance Appraisal
Raising capital to stabilise or grow your business can be difficult and the effects of an investment need to be carefully assessed before any funding is raised. We can help…
The potential consequence of interest rate rises
If interest rates increased by 1% then over one third of British adults would find it difficult to afford the repayments on credit agreements, according to a recentsurvey. These would…
New Debt Protocol: A Headache for Businesses?
1 October 2017 saw the new Pre-Action Protocol for Debt Claims (‘Protocol’) come into force. It applies to any business – limited company, partnerships, sole traders and public bodies -…
Statutory Interest in Members Voluntary Liquidations
As you may be aware, several months ago HMRC transferred the responsibility of dealing with solvent liquidations (or MVLs) from their offices in Worthing to a new department based in…
Potential Dangers in Issuing a Statutory Demand
The outcome of a recent court case has demonstrated that if the party serving a Statutory Demand is deemed to have exhibited inappropriate or unreasonable conduct in so doing and…
HMRC Win In Rangers EBT Tax Case at Supreme Court
For the last 7 years HMRC have been in a legal battle over the use of employee benefit trusts (“EBT”) as a means of paying staff and players at Rangers…
Insolvencies Increasing and Longer Bans for Directors
Statistics revealed that personal insolvencies were substantially higher in the first quarter of this year compared to the previous year, and also increased from the last three months of last…
A Clean Break?
Just under a year ago we highlighted one of the more high profile Bankruptcy Restriction Orders (‘BRO’) issued to Willie Thorne, a former world-ranking professional snooker player. Willie borrowed upwards…
One-in-25 UK businesses unable to repay debts if interest rates go up
Research recently published by R3, the insolvency and re-structuring trade body, shows that some 79,000 businesses (4%) say they would be unable to repay their debts if interests were to…
UK Economy Falls to Bottom of EU Growth League
With growth of 0.2% in the first quarter of 2017 the UK economy ranked last out of the 28 Countries who are part of the EU as the Brexit vote…
Bank of England and FCA Share Concerns About Consumer Borrowing
Recent reports suggest that the Bank of England and the Financial Conduct Authority (FCA) hold some serious concerns about the rapid growth of consumer borrowing (on credit cards, car purchases,…
To Continue to Trade Or?
Life can very quickly become difficult for a director of a company in financial difficulty. Often directors will continue to trade in the sincerely held belief that they can trade…
Unlawful Dividends
2017 has seen press statements from a number of high profile companies that dividends to shareholders have been paid in breach of the Companies Act requirements. The payment of dividends…