Telephone: 07772-345032

Email: dominic.sears@suttongate.com

Latest Case Studies

January 21, 2021

Latest Case Studies...

A farmer who was struggling financially, was made bankrupt by HMRC. The accounts were not impressive. However, this office arranged funds secured upon the land etc to annul the bankruptcy.

Mother and son were both made bankrupt following a failed business venture. Again this office was able to arrange funding to annul the bankruptcy.

A self employed builder had endured a painful divorce. During this period, he became in breach of his IVA which subsequently failed. As a consequence HMRC issued bankruptcy proceedings against him. Thankfully, this office quickly arranged an agreement in principle for the client to show to the Court and achieve an adjournment to allow the funds to be put in place.

A company liquidated. A sister company owed the liquidated company £250,000 but did not have the reserves to pay over to the liquidator. The Principal of both companies lives in a house which is owned by a Trust set up for the benefit of the grandchildren. Despite these issues this office was able to assist.

A company was "stressed" and had a freehold property. Unfortunately, because the company was struggling financially, a sale and lease back was not viable. Therefore, this office introduced a third party investor who input capital to stabilise the position. Thereafter, planning permission was obtained to convert the commercial property into residential. Subsequently all parties were able to show a good profit.

Precision engineer in financial difficulties due to Covid 19 received an injection of capital in return for share capital.

A stressed haulage company with HMRC debt was heading towards insolvency. Thankfully, the client had a high asset value of warehousing. Consequently this office arranged a sale and leaseback for £8million.

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