Financial difficulties can arise for many reasons. Changes in the economy, cash flow pressures, the loss of a major customer or rising costs can all put pressure on a business.
The earlier you seek advice, the more options are likely to be available. Whether your business needs time to recover, restructuring or a formal insolvency process, understanding your position is the first step.
Our team can advise on:
Business Recovery & Insolvency services are delivered through The Insolvency Company (TIC), Monahans’ specialist insolvency division.
TIC’s Licensed Insolvency Practitioners work with businesses, company directors and individuals across a wide range of recovery and insolvency matters. As part of Monahans, the team combines insolvency expertise with wider accounting and tax advice where needed.
Many business owners wait until they feel they have run out of options. Speaking to an insolvency practitioner earlier can provide a wider range of solutions and, in some cases, help avoid formal insolvency proceedings.
No. Insolvency advice is about understanding your options. Depending on your circumstances, this may include restructuring, refinancing or a formal insolvency process.
A Creditors’ Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. A Members’ Voluntary Liquidation (MVL) is a solvent procedure, often used when a company has reached the end of its life or the owners wish to retire.
Yes. Directors have legal responsibilities when a business experiences financial difficulty. Taking advice early can help ensure these responsibilities are understood and met.
Yes we can. It might be that a Members Voluntary Liquidation (MVL) is the right course for this, as it is a solvent procedure used at the end of a company’s life – whether that is because it is sold or the owner manager chooses to retire.
We can also help you tax efficiently plan your exit from a company and extract funds or return capital to shareholders.
6 July 2026
6 July 2026
6 July 2026
6 July 2026
6 July 2026
23 June 2026
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