Business Details
9 Years
experience
Expert Insolvency Solutions in Newcastle
Connect Insolvency is a dedicated firm of liquidators and insolvency practitioners serving businesses and individuals across the North East of England. Established in 2017, our practice specialises in providing impartial, practical advice to clients facing financial difficulties, combining specialist insolvency knowledge with a commitment to finding tailored solutions. Our team, led by experienced insolvency practitioner Simon Blakey, offers expertise in administration, company voluntary arrangements, liquidation, and solvent wind-down procedures. We prioritise clear communication and transparency, ensuring clients understand their options while navigating complex financial challenges. With a focus on local relationships and regional business needs, we deliver support grounded in over two decades of industry experience.Our services cater to both corporate entities and directors, addressing personal liability concerns and tax-efficient exit strategies. By maintaining strong professional networks and adhering to rigorous standards, we aim to resolve insolvency matters with integrity and client-centricity. Our approach balances technical expertise with empathy, recognising the sensitive nature of financial distress. We provide guidance on informal arrangements, formal insolvency procedures, and creditor negotiations, always prioritising client outcomes. As a boutique practice, we combine the agility of a small firm with the depth of knowledge expected from larger organisations.
Services
Company Voluntary Arrangement
Administration
Compulsory Liquidation
Solvent Liquidation (MVL)
Personal Liability Advice
CCJ Negotiations
Details
- Year established: 2017
Highlights and features
- We offer over 20 years of specialist insolvency experience in the North East
- Our team provides impartial, jargon-free guidance for complex financial situations
- We specialise in tax-efficient solvent liquidation strategies for business exits
- We maintain transparent communication throughout all insolvency procedures
- Our local expertise addresses specific regional business challenges and opportunities
Services
Company Voluntary Arrangement
A formal debt restructuring process allowing companies to repay creditors through affordable monthly payments while continuing operations. Our experts negotiate terms with creditors and implement tailored repayment plans. This solution preserves business continuity while addressing insolvency challenges through legally binding agreements.
Solvent Liquidation (MVL)
Tax-efficient business wind-down procedure for solvent companies. We facilitate orderly asset distribution to shareholders while minimising tax liabilities. This process requires director declarations of solvency and involves appointing a liquidator to complete formal closure procedures within specified legal timelines.
Compulsory Liquidation
Court-ordered liquidation process typically initiated by creditors. Our team guides directors through petition responses, asset realisation, and creditor meetings. We ensure compliance with legal requirements while protecting stakeholders' interests during involuntary business closure.
Personal Liability Advice
Specialist guidance for directors facing personal financial exposure. We assess transaction risks, defend wrongful trading claims, and negotiate settlements. Our advice covers statutory duties, creditor negotiations, and asset protection strategies during corporate insolvency proceedings.
Administration
Protective procedure placing an insolvency practitioner in control of a distressed company. We implement restructuring plans, negotiate with creditors, and seek business preservation or optimal asset realisation. This process prioritises creditor returns while maintaining operational continuity where viable.
People
Simon Blakey
Insolvency Practitioner
Former management accountant turned insolvency specialist with 20+ years' experience. Qualified accountant and licensed insolvency practitioner. Founded Connect Insolvency in 2017 to provide bespoke solutions for North East businesses. Specialises in corporate rescue and tax-efficient business exits.
Questions
What insolvency options exist for struggling businesses?
We offer administration, company voluntary arrangements, and liquidation solutions tailored to your specific financial situation and business viability.
How does a Members Voluntary Liquidation work?
MVL facilitates tax-efficient business closure for solvent companies. We oversee asset distribution to shareholders while ensuring compliance with statutory requirements and HMRC guidelines.
Can directors face personal liability during insolvency?
Directors may become personally liable through wrongful trading or preferential payments. We provide specialist advice to mitigate risks and protect personal assets.
What happens during compulsory liquidation?
This court-ordered process involves asset realisation and creditor distributions. We guide directors through petition responses and ensure compliance with legal obligations during involuntary closure.
How do company voluntary arrangements function?
CVAs allow businesses to repay debts through affordable monthly payments. We negotiate terms with creditors and implement legally binding repayment plans to preserve operations.
What areas do you serve?
We specialise in insolvency solutions across the North East of England, with particular expertise in Newcastle upon Tyne and surrounding regions.
