Frequently Asked Questions
Financial Distress & Business Recovery FAQs
What should I do if my business receives a winding-up petition?
Act immediately—contact me to discuss your options. Quick action is critical to avoid bank account freezes and potential business closure. I’ll help you challenge the petition, negotiate with creditors, or secure a validation order to keep your business operational.
How quickly can you obtain a validation order to unfreeze our bank accounts?
Validation orders typically require urgent action—I usually aim to apply to the court within days. The faster you reach out, the sooner I can help restore your cash flow, allowing essential payments such as salaries and suppliers to resume.
Can you negotiate payment plans directly with HMRC on our behalf?
Absolutely. Leveraging my extensive HMRC experience, I negotiate realistic and affordable Time-to-Pay arrangements. This prevents further enforcement action, provides cash-flow breathing room, and gives your business a manageable path to clearing tax arrears.
Is there still hope if my business is already deeply in debt?
Yes. Debt restructuring and creditor negotiation can significantly ease immediate financial pressure, even in severe cases. I’ll assess your position, propose manageable repayment strategies, and negotiate with creditors directly, giving your business a chance to stabilise and recover.
What’s the difference between administration, liquidation, and restructuring?
- Administration: Temporarily protects your business from creditors, allowing a structured rescue or sale.
- Liquidation: Formally closes your business, with assets sold to pay creditors.
- Restructuring: Modifies your business debts and operations, enabling ongoing trading under improved financial terms.
I’ll help you identify which option best fits your circumstances.
Can you protect directors from personal liability during insolvency?
Yes—my advisory services specifically cover directors’ duties, ensuring compliance with the law and significantly reducing the risk of personal liability during insolvency processes.
How does your experience with HMRC and Big 4 firms benefit my business?
My previous roles at HMRC and Big 4 accountancy firms provide me with deep insight into how tax authorities and creditors operate. This inside knowledge enhances my negotiation strategies, ensures proactive handling of issues, and increases your likelihood of securing favourable outcomes.
Do you provide ongoing advisory support beyond immediate crises?
Yes. My services include strategic, long-term advisory support to help you prevent future issues, restructure your business effectively, and maintain healthy creditor relationships.
What happens during the free consultation call?
We’ll discuss your situation confidentially and identify immediate risks and options. You’ll receive clear advice and next steps, without any obligation, helping you quickly understand how best to move forward.
About the business
Is this website a business website in itself?
No, this website is a “shop window”, a presentation of me, my skills, and the range of professional services I offer my clients. Any work arising from a visit to this site will be carried out by me via professional services firms authorised, licensed and insured to carry out the work.
Who is Nexa Law?
All legal work is carried out through the consultancy agreement between Loftus Stowe Ltd and Nexa Law Ltd t/a Nexa Law, a firm of solicitors authorised and regulated by the Solicitors Regulation Authority (SRA) under licence number 633024.
What is Loftus Stowe?
Established in March 2011, Loftus Stowe is the limited company under company number 07552548. It is a consultancy which provides tax advice and business support services to its clients who are mainly individuals, business owners and other professionals. The firm is registered with HMRC as a tax agent for purposes of self-assessment, negotiations and anti-money laundering regulations.
How does your website work?
I present you with information about me, my professional background and skill set and provide you with an overview of how I could help you. I invite you to peruse my information in the hope that you might find something of interest. If you do, there is a link to either Nexa Law or Loftus Stowe where I will carry out the work you ask me to assist you under the terms and conditions of each of these businesses.
Can I engage you directly through the website?
Yes you can, but for a limited service in the form of a fixed time consultation. A consultation is a cost-effective way to get initial information and guidance on your enquiry. You can engage me for a consultation by using our contact form.
Book my rescue call
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