About Lennox
Lennox Insolvency provides straightforward corporate insolvency advice to directors of Scottish companies.
Our main focus is simple: helping directors understand whether an insolvent company can realistically recover and, where it cannot, helping them bring the company to an orderly conclusion.
For many directors, that means a Creditors’ Voluntary Liquidation or a Director’s Petition.
For others, there may still be a viable rescue, restructuring or creditor-negotiation option.
We want directors to understand the options, the cost and what happens next before they commit to an insolvency process.
Why Lennox?
Company directors looking for insolvency advice often find themselves on websites containing hundreds of pages of technical information.
What they usually want to know is much simpler:
- Does the company really need to liquidate?
- How much will it cost?
- How quickly can it be done?
- Should I use a CVL or a Director’s Petition?
- What happens to the debts?
- What happens to me personally?
Our approach is to answer those questions first.
The technical process still has to be dealt with properly — but directors should not have to become insolvency practitioners themselves in order to understand what is happening to their company.
Scottish company insolvency
Lennox is focused on the insolvency of Scottish registered companies. That matters because Scottish corporate insolvency has important procedural differences from England and Wales.
Those differences can affect:
- How a CVL is conducted
- The Scottish creditors’ decision procedure
- Accountant in Bankruptcy requirements
- Edinburgh Gazette notices
- Scottish winding-up petitions
- Sheriff Court and Court of Session procedures
- Sheriff officers and creditor diligence
Our site is therefore written specifically around the questions and procedures relevant to Scottish company directors.
Liquidation where liquidation is the right answer
We are not interested in making an insolvent company struggle on simply to avoid the word liquidation.
If the business cannot realistically recover, delaying the decision can mean:
- More HMRC debt
- More unpaid suppliers
- More personal money being put into the company
- More enforcement action
- More pressure on directors and employees
In those circumstances, an orderly liquidation may be the sensible commercial decision.
We will explain the practical routes available — particularly CVL and Director’s Petition — and the cost and timetable of each.
Our Scottish Office
Lennox Insolvency has a Scottish office at:
220 St Vincent Street
Glasgow
G2 5SG
We advise directors of Scottish companies throughout Scotland, so you do not need to be based in Glasgow to speak to us.
Our dedicated Team & Scottish Office page will introduce the people advising Lennox clients and provide further information about the business.
Professional insolvency advice
Formal insolvency appointments must be carried out by appropriately authorised insolvency practitioners and the insolvency profession operates within a regulated statutory framework.
Our insolvency practitioners are regulated by the ICAEW, registration details on this website’s footer.
Want to know what your company should do next?
You do not need to know which insolvency procedure you need before contacting Lennox.
Tell us what the company owes, what money and assets remain and what pressure you are facing.
We can help you establish whether there is still something to rescue or whether the sensible next step is an orderly liquidation.
If liquidation is appropriate, we will explain the route, likely cost and timetable before you decide to proceed.
The company behind Lennox
Lennox Insolvency is a trading style of BusinessRescueExpert (Caledonia) Limited, part of the BRE Group of companies.
Lennox is the dedicated Scottish-facing brand through which we provide corporate insolvency advice and services to directors of Scottish companies.