A A B R S

Business Details

Expert Insolvency Services in London

AABRS is a well-established London-based firm of corporate and personal insolvency specialists providing a wide range of services and advice to small businesses and individuals facing financial difficulties. We work closely with accountants and solicitors, offering tailored solutions to them and their clients. Our team draws on over 100 years of combined partner experience to deliver effective, client-focused resolutions. With a hands-on, friendly, and professional approach, senior partners are involved at every stage, supported by dedicated case handlers. We prioritise transparency, ensuring clients receive clear guidance throughout the insolvency process.

Our dynamic and experienced team is equipped to handle all types of insolvency-related issues, providing professional advice at every step. We offer free initial consultations to help clients navigate their financial challenges. Our firm is registered in England & Wales under company number 07644635, with offices at Langley House, Park Road, London. Our insolvency practitioners are licensed by the Insolvency Practitioners Association and the Institute of Chartered Accountants in England and Wales. We adhere to the Insolvency Code of Ethics, ensuring the highest standards of professionalism and integrity.

Services

Creditors Voluntary Liquidation Company Administration Compulsory Liquidation Company Voluntary Arrangement Pre-Pack Administration Members Voluntary Liquidation HMRC Debt Advice Winding Up Petition Advice Bankruptcy Advice VAT Arrears Advice

Highlights and features

We have over 100 years of combined partner experience in insolvency services.
We offer free initial consultations with no obligation.
Our senior partners are directly involved in every case.
We work closely with accountants and solicitors to provide holistic solutions.
Our insolvency practitioners are licensed by leading industry bodies.

Associations and certifications

Insolvency Practitioners Association
Institute of Chartered Accountants in England and Wales

Website

Update Listing

Services

Creditors Voluntary Liquidation

Creditors Voluntary Liquidation (CVL) is a process for directors to formally close an insolvent company voluntarily. This option allows directors to nominate their own liquidator, providing control over the process. The liquidator realises company assets to pay creditors, with any surplus distributed according to legal priorities. CVL is ideal for companies facing creditor pressure or winding-up petitions, helping directors avoid wrongful trading liabilities while ensuring compliance with insolvency regulations.

Company Administration

Company Administration aims to rescue businesses facing insolvency by placing them under the guidance of a licensed insolvency practitioner. The administrator works to achieve one of three goals: rescuing the company as a going concern, securing better returns for creditors than liquidation, or realising assets for secured creditors. This process provides a moratorium against creditor action, allowing time to restructure or sell the business while protecting jobs and maximising creditor returns.

Compulsory Liquidation

Compulsory Liquidation occurs when a court orders a company's closure, typically initiated by creditors seeking debt recovery. The process begins with a winding-up petition, leading to the appointment of an official receiver. Assets are sold to repay creditors, with distributions prioritised by law. This procedure is used when companies fail to settle debts exceeding 750, often following unpaid statutory demands or unresolved disputes, resulting in the company's formal dissolution.

Company Voluntary Arrangement

A Company Voluntary Arrangement (CVA) allows businesses to propose a formal repayment plan to creditors, typically over 15 years. Approved by 75% of voting creditors, a CVA enables companies to continue trading while settling debts through manageable instalments. This solution is ideal for businesses with temporary cash flow issues, offering flexibility to adjust terms if circumstances change, and providing a structured path to financial stability without liquidation.

Pre-Pack Administration

Pre-Pack Administration facilitates the rapid sale of a business's assets to a new or existing entity, minimising disruption to operations. The sale is arranged before administration begins, with the insolvency practitioner overseeing the transfer. This process preserves goodwill, protects jobs, and ensures continuity under new ownership. Assets are sold at market value, with proceeds used to repay creditors, while the original company is dissolved. It is particularly effective for businesses seeking to exit insolvency while maintaining operational viability.

People

Christopher Andersen

Director & Licensed Insolvency Practitioner

Christopher Andersen is a licensed insolvency practitioner with extensive experience in corporate and personal insolvency. He specialises in guiding businesses through financial distress, offering strategic solutions to resolve debt issues while prioritising creditor returns and regulatory compliance.

Mark Newton

Licensed Insolvency Practitioner

Mark Newton brings decades of insolvency expertise, focusing on liquidation and administration processes. His approach combines technical proficiency with practical advice, helping clients navigate complex financial challenges while adhering to ethical and legal standards.

Alan Bradstock

Licensed Insolvency Practitioner

Alan Bradstock has significant experience in insolvency matters, supporting businesses and individuals through restructuring and debt resolution. His client-centric approach ensures tailored solutions that balance stakeholder interests with regulatory requirements.

Nicola Meadows

Licensed Insolvency Practitioner

Nicola Meadows is a chartered accountant and licensed insolvency practitioner, specialising in corporate recovery and creditor negotiations. Her expertise lies in delivering pragmatic advice to businesses facing financial difficulties, ensuring compliance with insolvency codes and ethical standards.

Questions

What is the difference between liquidation and administration?

Liquidation ends a company's existence by selling assets to repay creditors, while administration aims to rescue the business or achieve better creditor returns through restructuring or asset sales.

Can I start a new company after liquidation?

Yes, directors can start a new company after liquidation, though restrictions apply to reusing the same or similar name to prevent confusion.

How much does a Creditors Voluntary Liquidation cost?

Costs typically start at £4,000 + VAT, depending on case complexity, with fees often covered by asset realisation or director redundancy payments.

What happens to employees during administration?

Employees may face redundancies, but those retained during the first 14 days gain preferential creditor status, improving their chances of receiving owed payments.

Is a Company Voluntary Arrangement legally binding?

Yes, a CVA is legally binding if approved by 75% of creditors by value, ensuring all unsecured creditors adhere to the agreed repayment terms.

What is a pre-pack administration?

A pre-pack administration involves arranging a business asset sale before formal administration, enabling a swift transfer to a new owner while minimising operational disruption.

Reviews (7)

Write a Review

John Allen

Nov 20, 2021 Report

From the get go, professional, proactive and communicated well.
HOWEVER we did have a major hitch and that is when AABRS went from good to outstanding. Its when things go wrong that you find out the quality of an organisation and their ability to rectify things and AABRS did it in bucket loads
I live in Australia and communication could have been very difficult with the time difference, AABRS never mad me feel isolated or forgotten
Thoroughly recommend this company
John Allen. Tremolat properties

Steve Monroe

Jan 09, 2021 Report

Just had a chat with Mike from AABRS and would like to say what a profssional operation this is. It was only a quick phonecall to obtain some information, but really courteous and a pleasure to talk to. If only everyone in business had his approach!!

Ben Nichols

Jul 03, 2020 Report

I really cannot recommend AABRS highly enough. In a complete meltdown about what to do I called these guys for some advice. Immediately I was given so much information so that I could make an informed decision about our next steps. Naturally we then appointed AABRS and they helped us and guided us through every step of the liquidation process. They were at the end of the phone or email whenever we needed them and always checked in with us. The entire team and everyone we worked with were so professional, compassionate and knowledgeable. Today we've completed the process and it's an entire weight

Daniel Parkes

Jun 23, 2020 Report

I used AABRS this year to liquidate my company, from the start they were extremely helpful in outlining the process and how long things would take. Every time I had a question they would call me to go through any issues or concerns I had and this level of care and attention to detail was managed through out the whole process. I would highly recommend AABRS if your looking to liquidate your company or even if you just want to talk to them for advice on what to do.

Gavin Collins

Dec 06, 2019 Report

Great people to work with. They really helped me on a difficult and complex matter, and left me reassured and confident. Sue was brilliant and responsive - thanks very much!

Anita Kohn

Nov 08, 2019 Report

AABRS are a truly great company. I approached them and their advice and service was sound and professional. Sue is a great insolvency practitioner - many thanks for all your help. Highly recommended

Peter Vaughan

Oct 12, 2019 Report

Several months ago consulted AABRS with a particular issue and had the privilege of dealing with Sue Collins who we found very understanding and helpful. Our issues have since been resolved and we wouldn't hesitate to recommend AABRS or Sue Collins.