Contact Us
If your company is struggling financially, you do not need to know which insolvency procedure you need before speaking to us. Tell us what is happening and we can help you work out the next step.
Start with the facts. We can help with the insolvency terminology afterwards.
Contact Lennox Insolvency
Telephone: 0141 5301209
Email: enquiries@lennoxinsolvency.co.uk
Or complete the form below and tell us briefly what is happening.
There is no need to write a long explanation. A few sentences about the company, the level of debt and any urgent creditor action are enough to get started.
What should I tell you?
For an initial conversation, we normally only need a broad picture of the company.
- What the company does
- Roughly how much it owes
- How much cash is available
- What assets the company owns
- Whether money is owed by customers
- Whether employees are involved
- Who the directors and shareholders are
- Whether HMRC or another creditor is taking action
- Whether any court papers or winding-up petition have been received
You do not need to have exact figures available before making contact. Approximate numbers are usually enough to start the conversation.
What happens after I contact Lennox?
We will start by understanding the company’s current position and what has led you to seek advice.
From there, we can usually help you establish whether:
- The business still has a realistic rescue option
- A Creditors’ Voluntary Liquidation is likely to be appropriate
- A Director’s Petition should be considered
- Another insolvency or restructuring option may produce a better result
If liquidation is likely to be the right route, we will explain the expected process, likely cost and timetable before you decide whether to proceed. You will not be expected to choose between CVL, Director’s Petition, CVA or administration before you speak to us.
Is the situation urgent?
Please tell us immediately if any of the following apply:
- A winding-up petition has been presented
- You have received papers from a Sheriff Court or the Court of Session
- There is a court hearing or response deadline
- Sheriff officers are taking enforcement action
- The company bank account has been arrested
- HMRC has started formal recovery action
- Payroll is due and the company cannot pay it
- A landlord or key supplier is threatening immediate action
If there is a deadline, court date or enforcement date, put that at the top of your message.
Worried about what liquidation could mean for you personally?
Tell us.
Directors often have concerns about:
- Personal guarantees
- An overdrawn Director’s Loan Account
- Bounce Back Loans
- Personal liability for company debts
- Director conduct investigations
- Starting another company afterwards
- Director redundancy claims
These issues are often easier to understand before the company enters liquidation rather than after the liquidator has been appointed.
Our Scottish Office
Lennox Insolvency | 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.
Not ready to make contact yet?
If you are still trying to understand the options, start with the question that is most relevant to you.
How much does liquidation cost?
CVL or Director’s Petition?
What happens to me personally?
You do not need to have all the answers
Directors sometimes delay getting advice because the accounts are not up to date, they are unsure exactly what is owed or they do not know whether the business should be rescued or closed.
That is not a reason to wait.
Give us the best picture you currently have.
We can start there.
Lennox Insolvency is a trading style of BusinessRescueExpert (Caledonia) Limited.