Mackay Goodwin in the United Kingdom
If you own or run a UK company from Australia, advice about its debts has to come from someone licensed in the UK. It might be a UK subsidiary, or a company you set up while living in Britain. Either way, Mackay Goodwin UK is the team to call.
Licensed insolvency practitioners across the UK
Mackay Goodwin UK has offices in Liverpool and Yorkshire. Its insolvency practitioners, Stuart P Kelly and Claire Harsley, are licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) and bound by the Insolvency Code of Ethics.
The team works with directors in England, Scotland, Wales and Northern Ireland, London included. You can meet them in person, but most Australian-based directors will find a secure video call far easier than a flight.
How Mackay Goodwin UK can help
Voluntary Administration, Small Business Restructuring and Safe Harbour are Australian processes; none of them apply to a UK company. UK directors work from a different set of options:
- Creditors' Voluntary Liquidation (CVL) closes an insolvent company. The directors start it, so they keep a say in the timing.
- Members' Voluntary Liquidation (MVL): for a solvent company you want to close. It's often the most tax-efficient way to return money to shareholders.
- A Company Voluntary Arrangement (CVA) may let a viable business keep trading while it repays creditors over an agreed period.
- Administration puts a legal moratorium in place, which generally stops creditor action while rescue options are worked through.
- Financial Restructuring: reorganising what the business owes so it can pay its way again.
- A Business Review (L.O.S.T.) looks at the legal, operational, strategic and technological sides of a business to find the root cause of the trouble.
Compare all six on the Mackay Goodwin UK services page.
Guides for UK company directors
Before you call, it may help to read one of Mackay Goodwin UK's plain-English guides:
Talk to the UK team
The first conversation is free and confidential, with no obligation to go further.
- Liverpool: 0151 739 2398 (from Australia: +44 151 739 2398)
- Yorkshire: 01274 271 289 (from Australia: +44 1274 271 289)
- Email: advice@mackaygoodwin.co.uk
- Hours: Monday to Friday, 9am to 5pm UK time
For an Australian business, speak to our Australian experts or browse our Australian restructuring and insolvency services.
Get in touch
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