Expert Insolvency Solutions for Businesses & Company Directors
Protecting Directors from Liquidation Pitfalls and Claims
Expert guidance on handling winding up petitions and retaining control of your future.
Support and solutions for cash flow management.
Reduce or extinguish Director's Loan Accounts altogether.
Negotiating with HMRC, financial institutions and trade creditors is key to preserving businesses and buying the time you need to restructure or re-finance
A full assessment of your business, your strategies and your business plan.
Introduce capital, explore invoice financing solutions and accountancy practices.
Expert Insolvency Advice and Support
At Safe Bridge Advisory, we specialise in providing tailored solutions for directors and business owners in financial distress across the UK. Our priority is to safeguard directors and companies from insolvency pitfalls.
Expert advice to safeguard your business during financial difficulties and navigate insolvency challenges effectively.
Expert advice to safeguard your business during financial difficulties and navigate insolvency challenges effectively.
Protect your position as a director and ensure your compliance with your fiduciary duties. Limit your exposure to any claims of Misfeasance, Director’s Loan Accounts or Fraudulent Transactions.
Mitigate any claims against you or disqualification proceedings under The Company Directors Disqualification Act 1986 (CDDA).
Ensure you cooperate with The Insolvency Act 1986 and The Insolvency Rules 2016.
Overview of Liquidator’s Powers Against Directors
A liquidator is appointed to wind up a Company and has powers to investigate and take action against Directors who may have contributed to the company’s failure.
Key Actions a Liquidator Can Take:
Insolvency Solutions Offered
1. Misfeasance (s.212 Insolvency Act 1986) • Action for breach of fiduciary duty, misapplication of company funds, or general misconduct.
The court may order the Director to repay or restore money/property or contribute to the Company’s assets.
2. Wrongful Trading (s.214 Insolvency Act 1986) • When a Director continues trading while knowing (or ought to have known) there was no reasonable prospect of avoiding insolvency.
The court may order the Director to contribute to the company’s assets.
3. Fraudulent Trading (s.213 Insolvency Act 1986) • Where business is carried on with intent to defraud creditors.
Involves civil and potentially criminal liability. The Director can be made personally liable.
4. Unlawful Preferences (s.239 Insolvency Act 1986) • Reversal of transactions that unfairly prefer one creditor over others in the run-up to insolvency.
5. Transactions at Undervalue (s.238 Insolvency Act 1986) • Reversal of asset transfers for less than market value before liquidation.
6. Director Disqualification (Company Directors Disqualification Act 1986) • A liquidator must report misconduct. The Director may be disqualified from holding directorships for 2 to 15 years.
7. Recovery of Overdrawn Director's Loan Accounts • Liquidators can demand repayment of any unpaid amounts loaned to Directors.
