Choosing the Right Professionals

In order for Pre pack insolvency to be successful you need to be able to agree a fair value for the assets that you need to transfer. Therefore, it is vital that a valuer who understands the nature of pre pack insolvency and who is willing to show commercial awareness is instructed. We will only use a valuer that we have worked with in the past and that we know we can work with. This gives our clients comfort that everything that can be done to make the transaction work in their favour is being done.

Many Insolvency Practitioners are extremely thorough and over analyse the detail of any transaction making it almost impossible for a pre pack to move forward in a timely manner. We only use commercially minded Insolvency Practitioners that are willing to make quick decisions on a deal. Choosing an Insolvency Practitioner that you do not know is a lottery, we will take this uncertainty away.

There are aspects of an Insolvency pre pack that may require a solicitor to act on your behalf (i.e. obtaining leave of court, or advising on a sale agreement). Again we will recommend one of our trusted solicitors to our clients thereby ensuring that they receive best advice rather than choosing an unknown solicitor.

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"They made the whole process straightforward and painless and I would urge other Directors to speak to Finance7 instead of burying their heads in the sand." Director of a furniture retailer, May 2008

"Through my experience in insolvency it became crystal clear that poor finance decisions by Directors, and more disturbingly poor finance advice from fellow advisors, is a major reason for business failure." Kris Wigfield, Finance7 MD

“Finance7 took us through the process of a ‘Pre-Pack Administration’ which enabled us to retain our staff and maintain our service to existing clients whilst losing our historic debt” Director of an IT & communications company, October 2008

“Finance7 is committed to offering tailor-made solutions to our clients rather than the ‘one glove fits all’ approach of our rivals.” Kris Wigfield, Finance7 MD

“We refer the majority of our clients to Finance7. It is the efficiency of their service that is their main asset. They let you know what your options are very quickly and if they promise you a deadline, they stick to it.” Michele Patten, Business Help Unit, October 2008

“You will only speak to a qualified accountant who is an expert in his field. This technical expertise coupled with our company ethos of treating customers fairly is why the vast majority of our business is a direct result of referrals from satisfied clients.” Kris Wigfield, Finance7 MD

“I needed finance to convert my property into six apartments. Finance7 were honest from the outset regarding the rate I could expect to receive and they took all of the stress out of the process.” Geoff Romero, Property Developer, March 2008

“Clients know they are getting the best advice possible. That is why major banks entrust us with referrals of clients that they are unable to assist" Kris Wigfield, Finance7 MD

“We were an asset rich, cash flow poor business. As well as looking at the available rates they were also able to advise on the tax consequences of the possible solutions”. Rachel Jones, Finance Manager of Clear Cut Tooling, July 2008

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