How we work with accountants
Accountants are usually the first point of call when a company is in difficulties. Urgent external support from their trusted adviser is the immediate option when the finances of a business come under stress. It is the normal route for the accountant to turn to a trusted firm of insolvency practitioners who can help to advise whether the company can be rescued.
Often the issue of personal guarantees doesn’t arise until later in the process because the directors themselves are unclear where their personal liabilities lie. Other than a bank guarantee they may not recall other guarantees signed for lease equipment, property, trade accounts and so on.
We are now finding that accountants are turning to us, as well as to our IP colleagues, at an early stage in order to immediately start helping their client to resolve any issues relating to their personal liability. We can then continue to work closely with the accountant whilst we are negotiating on the client’s behalf.
How our service benefits accountants
If a client’s business fails it means you are potentially losing a client and fee income. Many clients though will go on to start a new phoenix business and therefore by referring them to PGUK you can be assured they will get the best possible help and guidance to resolve any personal claims against them. This allows them to focus on the new business and helps ensure you retain them as a client moving forward.
- A safe pair of hands for your client to advise and resolve their claims but also provide independent help and advice on all aspects of the insolvency process
- Improved client retention and client satisfaction
- Secured fees and client business moving forward
Call or email us whenever you have a client that needs help
– they will benefit and so will you