Monahans has looked after businesses and families across the South West for more than 120 years. In 2024, The Insolvency Company joined us. We decided to keep the brand because it’s a name clients and advisers already knew.

Today, The Insolvency Company is a trading style of Monahans Professional Services Limited. When you instruct The Insolvency Company, you are instructing Monahans. The work is done by Monahans people, in Monahans offices, with the wider firm and the Sumer Group behind them.

For you, that means two things:

• Specialist advice from a team that deals with insolvency every working day.
• Monahans accountants and business advisers close at hand whenever your situation calls for them.

How The Insolvency Company can help

Clients often say they wish they had called sooner. An early conversation usually means more options, and it does not commit you to anything.

If your business is under pressure, we offer

• Clear advice for directors on where the company stands and what the options are
• Help when HMRC, lenders or suppliers are pressing for payment
• Company voluntary arrangements (CVAs)
• Administration, including pre-pack sales
• What to do if a winding-up petition arrives

If it is time to close

• Creditors’ voluntary liquidation (CVL), for a company that cannot pay its debts
• Members’ voluntary liquidation (MVL), for a solvent company whose owners are retiring or moving on
• Compulsory liquidation

If the debt is personal

• Individual voluntary arrangements (IVAs)
• Bankruptcy, including applying to have a bankruptcy annulled

Free, impartial debt advice is also available from debt charities: https://www.gov.uk/debt-advice

If you are an accountant, solicitor or other adviser

Bring the team in early when a client is struggling. They work alongside you, keep you in the picture, and your client stays your client.