Expert help in times of financial crisis
Kennway Francis - Licensed insolvency practitioner
When facing financial crisis it is important to act swiftly and to obtain expert help and support. At Kennway Francis we pride ourselves on offering specialist insolvency advice to businesses and individuals.
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Our Services
Liquidation
Administration
Company Voluntary Arrangements
Bankruptcy
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Individual voluntary Arrangment
We offer expert help with...
Liquidation
Liquidation (or ‘winding up’) is the most common type of corporate insolvency procedure. Liquidation is the formal winding up of a company’s affairs, entailing the realisation of its assets and the distribution of the proceeds in a prescribed order of priority.
Company Voluntary Arrangements
A company voluntary arrangement is a procedure which enables a company to put a proposal to its creditors. The proposal if agreed, prevents the creditors taking inforcment action against the company.
Members voluntary Liquidation/ Solvent Liquidation
This procedure is used when a company has ceased to trade, and is solvent. The company has sufficient assets to pay the creditors in full, and return the surplus funds to its shareholders.
Bankruptcy
Bankruptcy is the administration of the affairs of an insolvent individual by a trustee in the interests of his creditors.
Individual Voluntary Arrangements
This is a legally binding agreement -between you and your creditors- to repay your debts.
Most IVA's last for 5 years, but there is no set percentage to be returned to creditors.
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Creditor Portal
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The Creditor Gateway ( All communications to creditors issued by Kennway Francis Limited can be downloaded from www.thecreditorgateway.co.uk ) if you have any queries regarding access to creditor reports please email enquiries@kennwayfrancis.co.uk)
For any further information please contact Kennway Francis on 01245 943 820 or email enquiries@kennwayfrancis.co.uk
Administration
Administration is a procedure available to a company that is insolvent, or is likely to become so. This places the company under the control of an insolvency practitioner. The business and assets are then sold by the Administrator.