Business Details
Trusted Insolvency Services in Newport
Purnells Insolvency Practitioners Insolvency Practitioners has been providing expert insolvency advice for over three decades, serving businesses and individuals across the UK. Founded in Newport, South Wales, our team of licensed insolvency practitioners brings extensive experience in navigating complex financial challenges, including corporate and personal insolvency solutions. We prioritise transparency, offering free initial consultations to explore all available options, ensuring clients understand the pros and cons of each pathway. Our professionals hold esteemed qualifications such as FABRP, FCCA, and MAAT, underscoring our commitment to expertise and ethical practice. We operate nationwide, combining local knowledge with a client-centric approach to deliver tailored solutions.Our fixed-fee structure eliminates hidden costs, fostering trust and clarity throughout the process. With a focus on resolving financial distress, we guide clients through procedures like Creditors Voluntary Liquidations, Company Voluntary Arrangements, and Bankruptcy. Our reputation as a trusted advisor is built on decades of dedicated service and a deep understanding of insolvency law. We are committed to helping clients achieve sustainable financial recovery while adhering to the highest professional standards. Our teams longevity and specialist knowledge position us as leaders in insolvency services across Wales, England, Scotland, and Ireland.
Services
Corporate Insolvency
Personal Insolvency
Creditors Voluntary Liquidation
Company Voluntary Arrangement
Bankruptcy
Highlights and features
- We have over 30 years of experience in insolvency services.
- Our team includes licensed insolvency practitioners with FABRP, FCCA, MAAT qualifications.
- We offer free initial consultations to explore all insolvency options.
- We provide fixed quotes for our services with no hidden extras.
- Available nationwide across the UK, with local expertise in Newport and surrounding areas.
Associations and certifications
- Insolvency Practitioners Association
Services
Corporate Insolvency
We specialise in corporate insolvency solutions, guiding businesses through procedures like Creditors Voluntary Liquidation, Company Voluntary Arrangements, and Administration. Our licensed practitioners ensure compliance with legal obligations while minimising director liability. Clients benefit from tailored advice to navigate financial distress and explore restructuring or closure options.
Personal Insolvency
Our personal insolvency services include Individual Voluntary Arrangements, Bankruptcy, and Debt Relief Orders. We provide confidential consultations to assess options, ensuring clients understand implications such as asset retention and income commitments. Our goal is to help individuals achieve financial stability with minimal disruption to their lives.
Creditors Voluntary Liquidation
A Creditors Voluntary Liquidation allows directors to control the closure of an insolvent company. We facilitate shareholder and creditor meetings, asset realisation, and compliance reporting. This process ensures directors meet legal duties while exploring opportunities to restart trading under a new entity, adhering to strict regulatory guidelines.
Company Voluntary Arrangement
A Company Voluntary Arrangement enables businesses to negotiate debt settlements with creditors while continuing operations. We draft proposals, manage creditor meetings, and oversee payment plans. This solution preserves company continuity, offering a structured path to repay debts over time without liquidation.
Bankruptcy
Bankruptcy provides individuals with a route to discharge unmanageable debts. We explain the process, including asset implications, income payments, and discharge timelines. Our guidance ensures clients meet legal requirements while protecting their interests, such as retaining essential assets like the family home where possible.
People
Suzi Purnell
Managing Director
Suzi Purnell, FABRP, FCCA, MAAT, has over 30 years of insolvency experience. She took over Purnells Insolvency Practitioners Insolvency Practitioners in 2009, offering tailored advice on corporate and personal insolvency solutions. Suzi meets all new clients to ensure informed decision-making.
Leigh Holmes
Licensed Insolvency Practitioner
Leigh Holmes, qualified in 2004, specialises in corporate and personal insolvency. He handles formal appointments in liquidations, voluntary arrangements, and administrations, providing expert guidance to resolve financial challenges.
Naomi Hood
Insolvency Specialist
Naomi Hood, qualified with the Certificate of Proficiency in Insolvency, manages case closures and prepares dissolution paperwork. She has extensive experience in administering liquidations and voluntary arrangements.
Nicola Beacham
Case Handler
Nicola Beacham, AAT qualified, administers voluntary arrangements and liquidations. She joined Purnells Insolvency Practitioners Insolvency Practitioners in 1997, bringing expertise in case management and ISO quality compliance.
Questions
What insolvency options are available for my business?
Options include Creditors Voluntary Liquidation, Company Voluntary Arrangement, Administration, and Compulsory Liquidation. We discuss pros and cons during a free consultation.
Can I reuse a company name after liquidation?
Reusing a name post-liquidation is restricted under Section 216 of the Insolvency Act 1986. Exceptions exist, but legal advice is essential to avoid personal liability.
How does bankruptcy affect my home?
Bankruptcy may require realising equity in your home. Solutions exist, such as third-party contributions, to retain ownership if equity is settled within three years.
Do you offer services outside Newport?
We operate nationwide across the UK, serving clients in Wales, England, Scotland, and Ireland, with local expertise in Newport and surrounding areas.
What are the costs for insolvency services?
We provide fixed quotes with no hidden fees. Costs depend on the complexity of the case and the chosen insolvency process.
How do I start the insolvency process?
Contact us for a free initial meeting to discuss your situation. We’ll guide you through options and next steps tailored to your needs.
