Business Insolvency

Receivership

As licensed Insolvency Practitioners we can negotiate on your behalf if a receiver is appointed.

Receivership is not always the best option for all parties and we can advise you and negotiate an alternative with your creditors.

Administrative receivership

A secured creditor (normally a bank) may hold a floating charge over your company and assets.  If you cannot meet its terms, the charge-holder can appoint a licensed Insolvency Practitioner as an administrative receiver to recover the money it is owed (but not for charges after 15 September 2003).

If a secured creditor is threatening to use administrative receivership on your business, we can review your business, assess whether this is appropriate and negotiate on your behalf with the secured creditor to persuade them that there is an alternative route.

Fixed charge receivership

If a secured creditor (usually a bank) holds a fixed charge over your company’s assets, the creditor can appoint a fixed charge receiver.  If the charge is held over property such as land and buildings, the receiver is referred to as an LPA Receiver.

At Frost Group, we can rapidly review those assets and advise whether this is your best option.  If it is, we can take on this role and use our experience to get you the best result.

Court appointed receivership

Courts can appoint a receiver to execute a judgment or protect property that is subject to a dispute.  The receiver’s powers and duties must comply with the order of the court.  Note that a court-appointed receiver is an officer of the court, not an agent of the company or a creditor.  He will be personally liable on contracts entered into.

At Frost Group, we can act as court-appointed receivers.  We have experience in dispute resolution, litigation and maximising asset realisation to achieve the best result for all parties.

Receivership

Pricing

CVL Bronze

Qualifying criteria:

  • No more than 2 directors
    and 2 shareholders

  • No ROT

  • No employees

  • No assets

  • No finance agreements

  • No pensions

  • No overdrawn directors loans 

  • Up to 10 creditors

Prices start from:

 £

Plus disbursements and VAT

CVL Silver

Qualifying criteria:

  • Assets over £5,000

  • Yes to finance agreements
    and warranties

  • Yes to pensions 

  • Yes to employees

  • Yes to creditors 

Prices start from:

 £

Plus disbursements and VAT

CVL Gold

Qualifying criteria:

  • Fixed Assets including
    property and lease

  • Large creditor claims

  • Complex creditor claims

  • Pending litigation

  • Shareholder and
    director disputes

  • Bespoke advice

Prices start from:

 £

Plus disbursements and VAT

Contact an expert for professional help and advice

Our team member below will be able to help with all your questions

Jeremy Frost

CEDR Accredited Mediator & Licensed Insolvency Practitioner

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Frequently Asked Questions

Operating nationwide throughout the UK

At Frost Group, we want to make things as easy as possible for you. That is why, if you can’t come to us, we’ll come to you. We operate face to face, nationwide meetings, wherever is most convenient for you.

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bromley

Clockwise, Old Town Hall
30 Tweedy Road
Bromley BR1 3FE

Leicestershire

Court House,
Old Police Station South Street,
Ashby de la Zouch LE65 1BR

London

86-90 Paul Street
London
EC2A 4NE

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Authorised by

Frost Group Limited is authorised by the Financial Conduct Authority. Authorisation number 669247.