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What can directors do now to prepare?

What can directors do now to prepare?


Take professional advice quickly and act on it.


Ask your existing lawyers or accountants to recommend an IP or find one yourself in your local area.

Contact the IP and arrange to have a meeting with them as soon as possible.

Make notes at the meeting. 

Follow the professional advice given and make decisions as quickly as possible.  Get all paperwork in order and be proactive.



David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
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Business Rescue
"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
Chris Pratt of Elecsis Ltd
Business Renewal
“You made a very difficult time much easier for us.”
R Johns
Business Renewal
"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
Jacci Dellaway of Baylift Services Ltd
Business Recovery
"We were cornered and thought it was the end of the business after 20 years but he got us out of it."
Lynne Firman of Just Beds Ltd
Business Rescue
“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
J White