Licensed Insolvency Practitioners · Online or in person across the UKLicensed insolvency practitioners · UK-wide advice@mackaygoodwin.co.uk Liverpool 0151 739 2398Yorkshire 01274 271 289 Mon to Fri, 9am to 5pm
Call 0151 739 2398 Book a free chat

For UK company directors

Know where you stand.
Know what to do next.

Cash flow pressure, creditor demands, or a company you need to rescue or close. Our licensed insolvency practitioners help you understand how to protect the business and yourself, and work out the right next move.

Free and confidential, with no obligation. Online or in person, anywhere in the UK.

Two Mackay Goodwin advisers listening to a business owner across a meeting table
Straight to the expert

Talk it through with a qualified practitioner, in complete confidence.

Licensed and regulatedOur practitioners are licensed by the ICAEW and bound by the Insolvency Code of Ethics.
Free first conversationFind out where you stand. There's no obligation to go any further.
Wherever you areOnline or in person, anywhere in the UK including London. Offices in Liverpool and Yorkshire.
Professional accreditations
ACCAR3, Association of Business Recovery ProfessionalsICAEW

We understand

Maybe you're losing sleep over cash flow, or letting creditors' calls go to voicemail while you work out what to do. You don't have to work it out by yourself, and you probably have more options than it feels like right now.

What can change once you have a plan.

A clearer picture of where you stand

Less guessing. You understand your options, what each one is likely to mean for you, and what the next steps could look like.

The pressure can start to ease

Creditors can see a licensed professional is involved. In a formal process, the insolvency practitioner usually becomes their main point of contact, which can take a lot of the weight off you.

You act as a responsible director

Your staff and family can see someone who faced the problem early and handled it properly.

You can start to move forward

That might be a leaner, healthier business that pays its way. Or a properly handled, compliant close, so you can turn your attention to whatever's next.

How we get you there

The right route depends on where you are today.

Choose the situation that sounds closest to yours. We will show the routes that may suit, then talk them through with you properly.

Our services

Six routes, depending on where your business is now.

Compare all six routes
Business Review (L.O.S.T.) Find out what is really holding your business back. We review the whole business, look for the root cause of the problems and help you put a plan in place. Still trading Learn more about Business Review (L.O.S.T.) Financial Restructuring Work towards making your debts manageable again. Restructure what the business owes so it can pay its way again. Still trading Learn more about Financial Restructuring Creditors' Voluntary Liquidation Close an insolvent company responsibly. A controlled, compliant route to closing an insolvent company. Struggling to pay Learn more about Creditors' Voluntary Liquidation Members' Voluntary Liquidation Close a solvent company and return value to shareholders. Often a tax-efficient way to close a solvent company and return value to shareholders. Solvent Learn more about Members' Voluntary Liquidation Company Voluntary Arrangement Aim to keep trading while you repay creditors over time. Seek a formal agreement with your creditors that may let the business keep trading. Still tradingStruggling to pay Learn more about Company Voluntary Arrangement Administration Breathing space from creditor action while options are explored. A legal moratorium that can protect the business from creditor action while every option is explored. Struggling to pay Learn more about Administration

Not sure which route fits?

Tell us where the business is today. We'll talk you through the options that fit.

Business Review · L.O.S.T.

Find what's holding the business back, then tackle it in the right order.

Cutting costs rarely fixes a problem that started somewhere else. Our review looks at four areas of the business (legal, operational, strategic and technological), aims to find the root cause and gives you a practical plan to address it.

See how the review works
LegalA structure that supports where you want to go.
OperationalFinding leaner processes and lower costs.
StrategicA clear direction for turnaround or growth.
TechnologicalSystems that can save time and reduce errors.

Why Mackay Goodwin

What you can expect from us.

We listen first. Every conversation starts with what's happening in your business and what you want to get out of it.

Mackay Goodwin team members working through a case together
01 · Innovation

Advice that reflects the rules today

We keep up with changes to UK insolvency law and use technology to work faster, so your advice is current.

02 · Focus

A plan built around your priorities

Every business is in a different spot. Your plan is built around your priorities and what you want to happen next.

03 · Action-oriented

We act early

We aim to spot problems early and deal with them promptly, so you're kept informed rather than left waiting.

04 · Empathy

Treated with respect

Financial trouble is personal as well as professional. We treat you with respect, and what you tell us stays confidential.

Why early advice matters

Waiting rarely makes it easier.

The earlier you speak to us, the more options you usually have. Getting advice now can help you avoid outcomes that are hard to undo later.

Speak to a practitioner today
01 Winding-up petitionsCreditor action that takes the decision out of your hands.
02 Personal liabilityRisks for directors who keep trading once a company is insolvent.
03 Director disqualificationA possible consequence when duties are not met.
04 Fewer rescue optionsRoutes like a CVA or restructuring can narrow as time passes.

It starts with one conversation.

The first chat is free and confidential, with no obligation. Half an hour with a licensed insolvency practitioner costs you nothing, and getting advice early usually means more options are open to you.

Our offices

Liverpool, Yorkshire, and anywhere in the UK.

Our offices are in Liverpool and Yorkshire, but we work with directors right across the UK, including London. Meet us online, or we will come to you.

Liverpool waterfront skyline with the Royal Liver Building

Liverpool

Unit 9, Paramount Business Park
Wilson Road, Liverpool, L36 6AW
Stone railway viaduct over the river in a Yorkshire town at golden hour

Yorkshire

Hub 26, Hunsworth Lane
Cleckheaton, BD19 4LN

Anywhere in the UK, including London

Meet us online by video call, or we can come to you. We work with directors across England, Scotland, Wales and Northern Ireland.

  • Online appointment: a secure video call at a time that suits you.
  • Personal visit: we meet you at your premises, or somewhere convenient, anywhere in the UK.