Corporate Debt
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Speak to a member of our team today on 01782 394500.
Corporate Debt
A Compulsory Liquidation is a liquidation by order of the Court (“winding up order”), usually following a petition from a company creditor. In some circumstances the company or a shareholder may petition to liquidate the company.
The most common reason for the making a winding up order is the company’s insolvency and the petitioner will be required to establish this. Usually a creditor will do this by showing that the company has failed to comply with a Statutory Demand.
Once a winding up order is made the company is referred by the Court to the Official Receiver (“OR”) who is a civil servant and will act as Liquidator.
The OR may seek to appoint an independent Insolvency Practitioner as Liquidator who will then look to release the company’s assets and distribute these amongst creditors. The directors will have no control over this process or the choice of Liquidator.
The OR will also conduct a full review of the directors conduct and investigate the reasons for its insolvency.
To discuss compulsory liquidation and the alternatives please book a free, confidential, no obligation meeting by calling one of our experts at Currie Young on 01782 394500
Speak to a member of our team today on 01782 394500.
Send us an email info@currieyoung.com.
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Ground Floor, 10 King Street,
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01782 394500
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DY5 1XD
Lichfield Office
Office 5, Lichfield Business Village, The Friary, Lichfield, Staffordshire, WS13 6Q
Justin has over 20 years’ experience specialising in all forms of corporate and personal insolvency.
He graduated from Birmingham University in 2000 before joining Moore Stephens Corporate Recovery in 2001. Since then, he has worked for two reputable insolvency and restructuring firms prior to joining Currie Young in October 2022. During this period, he has specialised in advising owner-managed businesses in the SME market.
Justin has extensive experience in all types of formal insolvency appointments including Administrative Receiverships, Administrations, Liquidations (both solvent & insolvent), Company Voluntary Arrangements and Bankruptcies, he has also carried out many independent business reviews.
He passed his Certificate of Proficiency in Insolvency in 2006 and is a member of the Insolvency Practitioners Association.
Justin has a passion for all sports, in particular football, having played professionally for several years prior to embarking on his academic career.
Steve is a founder and Director of Currie Young Limited with over 25 years of experience in insolvency. Having grown up in Stoke-on-Trent he trained at KPMG before moving on to further his career which includes a period as a secondee to a major bank during the crash of 2007. He returned to Stoke in 2008 with Begbies Traynor and in 2015 he acquired their Stoke-on-Trent office and incorporated Currie Young.
Steve’s passion is rugby and he played over 500 games for Stoke-on-Trent RUFC 1st XV before retiring in 2014 so it is no surprise that he believes in working together to achieve the best results.
Steve believes in giving simple, clear and honest advice even if this means that his services can be avoided. To speak to Steve or one of his team call Currie Young on 01782 394500.
Lisa has over 15 years’ experience in insolvency dealing with both corporate and personal assignments.
Having grown up in Stoke-on-Trent, she completed a law degree at Leicester University whilst maintaining her links with her home town. In 2007 she began her career in insolvency with KPMG and by 2009 had achieved a certificate of proficiency.
In 2012, Lisa joined Clough Corporate Solutions in Manchester before being recruited by Begbies Traynor LLP in January 2014.
She undertook the JIEB examinations and qualified as an Insolvency Practitioner in March 2016. Whilst she undertakes and enjoys all forms of insolvency work she specialises in investigations, compliance and bankruptcy.
Her passions include fitness and most recently her miniature poodle, Frankie.
Lisa believes in giving clear and concise advice, whilst considering all the logistics.
Sophie is a qualified insolvency practitioner and has over 10 years’ experience in restructuring & insolvency.
Having graduated from The University of Nottingham in 2008, Sophie then worked for a reputable insolvency firm for 14 years prior to joining Currie Young in 2023.
Sophie has experience in all types of insolvency appointments, in a wide range of sectors including retail, leisure, education, manufacturing & construction.
Sophie specialises in corporate appointments, having extensive experience with Creditors’ Voluntary Liquidations, & Administrations, having assisted with a number of pre-packaged sales.
In addition to insolvent businesses, Sophie can assist where shareholders wish to close their business and maximise their return by carrying out a Members’ Voluntary Liquidation (solvent liquidation).
Outside of work Sophie enjoys holidays, sunshine, gin & tonics, & spending time with her working cocker spaniel Digby.
Nicky holds a dual honours degree in Law and Business Administration (Marketing), which she completed at Keele University before sitting her Legal Practice Course at Staffordshire University’s Law School.
She began her career in 2007, as Insolvency Administrator at KPMG Stoke, latterly enjoying stints in the Manchester and Birmingham Offices as part of the Business Development Team. In 2014, Nicky left KPMG and moved to local firm Dunion & Co, as Insolvency Administrator and Marketing Coordinator. This firm was later acquired by Begbies Traynor Group, where Nicky took the role of Business Development Manager for the Staffordshire Office.
Outside of work, Nicky is kept very busy by her three young daughters! In her downtime, she enjoys socialising with friends over good food and wine.
After graduating from the University of Liverpool with a Law Degree, Sarah has worked in financial services for the past two years, gaining knowledge about the finance industry, specifically pensions and investments.
Sarah joins as a trainee and is part of our specialised training program to kick start her new career. Sarah fancied a career change from the world of finance as she would like to put her legal background and knowledge into good use.
In her personal time Sarah is a keen gym goer and box weekly. She loves baking in her spare time and going on nature walks and hikes. She is also a big foodie who likes trying out different restaurants.
Prior to joining Currie Young, Nicki served as a director at DBR Restructuring, previously known as Dains Business Recovery. With more than 25 years of experience advising both businesses and individuals, Nicki, a qualified accountant and licensed insolvency practitioner, works closely with clients to provide a thorough understanding of the options available.
As well as dealing with struggling businesses, Nicki can assist shareholders of solvent companies maximise their return from their business, through the Members’ Voluntary Liquidation (‘MVL’) procedure.
Outside of work, Nicki is kept busy by her young family. Her accomplishments include being a finalist in the Finance sector of the Birmingham Young Professional of the Year (BYPY) awards.
Tracey has worked in the insolvency field since 1985, having begun her career with the Official Receiver’s Office. In 2005, she attained her Certificate of Proficiency in Insolvency (CPI) qualification.
She is skilled in offering the highest level of client service and experienced in all aspects of insolvency and business recovery.
When not at work, Tracey is an avid reader and enjoys walking.