Business Details
Emergency
services
Trusted Insolvency Advice UK
Established as licensed insolvency practitioners, we specialise in providing expert insolvency advice to businesses and individuals across the UK. Our team comprises two qualified professionals with extensive experience in interpreting The Insolvency Act 1986 and related legislation, ensuring clients receive accurate, legally compliant guidance. We prioritise transparency, offering free initial consultations and written advice to help clients navigate complex financial challenges. With twelve offices nationwide, we deliver confidential support via telephone or in-person meetings, explaining all available options in clear, accessible language.Our approach focuses on empowering clients to make informed decisions, whether addressing corporate, partnership, or personal insolvency matters. We serve directors, sole traders, partnerships, and limited companies, combining technical expertise with a commitment to measurable financial solutions. Our practitioners hold professional memberships, including the Insolvency Practitioners Association, underscoring our adherence to industry standards. By maintaining a client-centric ethos, we aim to alleviate creditor pressures, resolve tax arrears, and provide structured debt repayment plans tailored to individual circumstances.
Services
Corporate Insolvency Advice
Personal Insolvency Advice
Company Voluntary Arrangement
Liquidation
Bankruptcy Advice
Highlights and features
- We offer free initial consultations with licensed insolvency practitioners.
- Our team holds professional memberships, including the Insolvency Practitioners Association.
- We provide nationwide support with offices in twelve UK locations.
- We explain insolvency options in clear, accessible language.
- We deliver written advice free of charge for all clients.
Associations and certifications
- Insolvency Practitioners Association
Services
Corporate Insolvency Advice
We provide tailored insolvency solutions for limited companies, including restructuring options like Administration and Company Voluntary Arrangements. Our licensed practitioners assess financial challenges to identify solvent or insolvent closure pathways. Clients receive clear guidance on creditor negotiations and compliance with The Insolvency Act 1986.
Personal Insolvency Advice
Our specialists address personal financial distress through options like Bankruptcy and Individual Voluntary Arrangements. We explain asset retention possibilities and income implications, ensuring clients understand long-term consequences. Free written advice helps individuals make informed decisions about debt relief.
Company Voluntary Arrangement
We design structured debt repayment plans for companies facing creditor pressure, allowing continued trading while addressing arrears. Our practitioners negotiate with creditors to freeze interest and agree manageable terms, prioritising business continuity under The Insolvency Rules 2016.
Liquidation
We manage solvent and insolvent liquidation processes, including Creditors Voluntary Liquidation and Members Voluntary Liquidation. Our team ensures compliance with asset distribution requirements and guides directors through post-closure obligations under UK insolvency law.
Bankruptcy Advice
We advise on bankruptcy implications, including asset retention options for homes and vehicles. Clients learn about income restrictions and alternative solutions like IVAs, which may offer better creditor returns while preserving personal assets.
People
Chris Parkman
Managing Director
BSc (Hons) MIPA, FABRP, FCCA licensed insolvency practitioner with over 20 years' experience. Specialises in corporate recovery strategies and debt restructuring under UK insolvency legislation.
Questions
What insolvency options exist for limited companies?
Options include Administration, Company Voluntary Arrangements, and liquidation. We'll explain each option's implications for your business.
Do you offer free insolvency advice?
Yes, we provide free initial consultations and written advice to all clients, ensuring clarity about your financial options.
Can I keep my assets during bankruptcy?
Asset retention depends on individual circumstances. We'll explain possibilities for homes, vehicles, and personal belongings during bankruptcy.
How quickly can I speak to a practitioner?
Contact us via phone or online form for urgent matters. We aim to respond immediately during business hours.
What areas do you serve?
We operate nationwide with offices in Cornwall, Devon, Dorset, Bristol, Worcestershire, London, Leeds, and Birmingham.
What qualifications do your practitioners hold?
Our team includes licensed insolvency practitioners with memberships to the Insolvency Practitioners Association and other professional bodies.
Videos
Reviews (7)
Alice Brown
Sep 19, 2021
Report
Chris gave clear and unbiased advice about all the options available to my company, associated costs, and what he felt was the best option given my circumstances. The email series that I signed up for on the website was also immensely helpful, and set things out in a way that I had not been able to find anywhere else. Thank you Chris for your time and patience during a very stressful time.
D. Rc
Jun 08, 2021
Report
Chris's expertise and guidance was extremely valuable. He took the time to fully understand our scenario and provide tailored advice, whilst also making sure it was delivered in a way we could understand.
Nick Oliver
Jan 07, 2021
Report
I am a solicitor specialising in insolvency and restructuring work. I have worked with Chris Parkman and Purnells for a number of years, and over that period they have assisted many of my clients. Chris is an exceptional insolvency practitioner, who really understands the issues when individuals and businesses are facing financial problems. He consistently provides clear, pragmatic advice but is also able to think outside the box to come up with innovative solutions to complex problems.
Fiona Koderisch
Oct 08, 2020
Report
Hi chris was a calming voice when i was stressed . He helped me resolve a with his knowledge and helped negotiate a good resolution. I highly recomend
Akli Tabti
Aug 30, 2020
Report
I have been very pleased with the substance & accuracy of the pertinent legal information I have received from the company Purnells. The advices have helped me to make the appropriate decisions. Thank you.
Toby Hume-Rothery
Jun 28, 2020
Report
Welcoming and comprehensive service from day one. Answered all my questions and more. Thank you Chris & team
Fi Chan
Jun 25, 2020
Report
I am very satisfied with Purnells' professionalism. Not only that they responded quickly to my questions, they took the time to understand my problem and focus on how to solve it during our first meeting! Their diagnostic is razor sharp. What is even more impressive is that after the diagnostics, they immediately refer me to another expert who handles the specific issue. In a network world, Purnells' services and professionalism proves to be an excellent example of taking personalized services to new heights. I am particularly grateful to Chris and his pleasantness that help reduce my anxiety toward
