The importance of qualified insolvency advice

How to spot an unregulated insolvency adviser

When it comes to obtaining insolvency advice for your company, it is vital you are speaking to a firm you can trust. Insolvency is a highly regulated industry, and only those with the necessary qualifications and registration can call themselves an insolvency practitioner.

There are a number of companies operating online which are merely lead generation firms and not actually insolvency practitioners. They will collect your details then sell them on to an insolvency practitioner. Our approach could not be any different.

At UK Liquidators we have over 100 licensed insolvency practitioners working throughout our nationwide network of offices. When you call our director helpline you will be speaking directly to one of the UK Liquidators team, not a third party. We will be with you every step of the way throughout your liquidation journey, here to provide the advice and guidance you need at each stage.

So if you are looking for an insolvency practitioner, here are some signs to look out for that may suggest you are in fact talking to a lead generation company:

• They draw you in with an incredibly low initial quote
• They do not have any in-house insolvency practitioners
• Not able to give you a name of who will call you back following your initial call
• Requests an up-front fee before any work has been carried out
• Poor communication after the fee has been paid
• No explanation as to how an overdrawn directors’ loan will be treated
• Their insolvency professionals are not accredited by a recognised professional body such as IPA, ICAEW and ICAS

At UK Liquidators, you can expect a completely different experience. Here are some of the benefits of using our service to liquidate your company:

• Partner-led service from start to finish
• Over 100 licensed insolvency practitioners all accredited by a recognised professional body
• UK’s number one for liquidations based on number of liquidations completed
• Transparent advice you can trust; we tell you what you need to hear, not what you want to hear
• Nationwide network of offices with face-to-face appointments available if you wish
• Online portal for those who prefer to liquidate their company online
• Fully regulated firm which is part of Begbies Traynor Group Plc