Bailey Ahmad Business Recovery

Founded in January 2007 by Paul Bailey and Tom Ahmad, Bailey Ahmad Business Recovery is an independent firm which specialises in providing corporate and personal rescue, recovery and insolvency advice to those in financial difficulty.

Our firm is supported by a dedicated team of skilled, qualified and motivated staff who strive to provide a high quality service to those who seek our assistance.

We value the relationships that we have built with local accountants, many of whom have been referring to us for many years. Our approach is collaborative ensuring that client relationships are maintained and all parties are kept informed of progress.

We are licensed and regulated by the Institute of Chartered Accountants in England & Wales and we are also a firm member of R3 – The Association of Business Recovery Professionals.

Insolvency & Re-structuring

If your business is insolvent, or you are worried that it may be, the sooner you seek advice and take action, the better. It is illegal for you to continue trading if your business in unable to pay its debts as they fall due. Let’s make sure you have the information you need to make the right next steps.

Your Options

Depending on the severity of your situation, you have a number of options. Your first consultation with BABR is free confidential and without obligation. Let’s talk and work out together the best option to meet your needs, both for now and the future.

Creditors’ Voluntary Liquidation (CVL)
Creditor’s Voluntary Liquidation (CVL) is a solution for companies (and LLPs) that are in financial difficulty, are unable to pay their debts, and where despite the best efforts of the company directors, there is no chance of recovery.

Members’ Voluntary Liquidation (MVL)
Members’ Voluntary Liquidation (MVL) is a solution for a company that has fulfilled its purpose, has stopped trading, can pay all its debts in full, and allows the company’s shareholders to realise their investment in a tax-efficient way.

Company Voluntary Arrangement (CVA)
A Company Voluntary Arrangement (CVA) is a solution for viable companies that are struggling to pay their debts. It is a formal agreement between a company and its unsecured creditors whereby the company commits to pay back all or part of its debts over an agreed time period.

Administration
Administration is a formal insolvency procedure available to an insolvent (or soon to be insolvent) company. An Insolvency Practitioner can be appointed as administrator of the company and should aim to rescue the company as a going concern.

Debt Recovery

Our service focused on commercial debt recovery and the accounts receivable element of working capital. With significant experience in credit control, debt recovery and debt litigation, we take on a range of engagements from single invoice collection through to fully outsourced support for in-house functions.

We specialise in providing a bespoke service, with specially tailored strategies which yield the best results for our clients. Where assistance for more contentious or complex matters is required, we’re not tied down by time or resource limitations and don’t churn cases through a standard workflow. As a result, if cases need more consultant time or investigation, they will get it.

We’re often able to provide commercial debt collection services for no fee, recovering reasonable costs from your client. However, we know this isn’t always appropriate so also offer the service on a contingency basis with our fees dependant on a successful outcome for you.

Don’t hesitate to get in touch for a no-obligation conversation to find out more.

Book Free Consultation

Commercial Finance

Most businesses will require finance at some stage in their lifetime. We recognise this and work closely with clients to source the correct funding solutions for their business. With many years of banking and lending experience, our finance experts will review your current funding situation, guiding you on the options to help you achieve your goals.

They can assist with a wide range of funding options including:

• Commercial Mortgages – for occupied trading premises

• Commercial and Residential investment- portfolios, personal, Ltd Co, SPV’s, complex structures, overseas ownership

• Development Finance – Standard developer finance looking for higher LTV or best funding options. Also non standard finance for smaller building projects, e.g. building a house but doesn’t meet the criteria for development funders

• Bridging – Commercial and Residential both regulated and unregulated – (rapid turnaround available)

• Business/Cash Flow funding

• Invoice Finance, factoring, discounting applications for payment

• Asset Purchase Finance

• Business Growth Loans

• Business Cash Advance – quick and easy cash flow funding from your card payments

• Any other Business banking and funding requirements.

• Residential/Buy to Let mortgages – complex, high net worth cases. Overseas or Expat ownership. Unconventional income or complex ownership.

Book Free Consultation

Individual Voluntary Arrangement (IVA)?

An individual voluntary arrangement (IVA) is a formal agreement allowing you to make affordable payments to your debts, usually over five years.

At the end of your IVA any unsecured debt left is written off.

You can also make a one-off payment known as a lump-sum IVA, which will mean that an IVA may only have to last a few months.

What are the advantages of an IVA?

• Creditors will receive a more favourable return than in a bankruptcy scenario
• Individuals will avoid the stigma, restrictions and consequences of bankruptcy as well as maintaining control of their estate
• Interest on debts will cease to be applied on approval of an IVA
• In certain circumstances, creditors will write off a significant proportion of their debt
• Once complete, an individual voluntary arrangement will leave the individual debt-free

How do I know if I’m insolvent?

Before we can consider the various solutions available for an individual, it is important to first understand what the term insolvent means.

An individual is insolvent when they have insufficient assets to cover their liabilities/debts or are unable to pay debts when they fall due.

How we help

• We offer a free, confidential and no-obligation consultation
• We can confirm whether an IVA is the right solution for you
• We will provide dedicated support throughout from our expert team

Book Free Consultation

What is Bankruptcy?

Bankruptcy is a procedure designed to deal with the affairs of an insolvent individual for the benefit of his or her creditors. Bankruptcy is generally administered by a licensed insolvency practitioner who is referred to as a trustee. When a person becomes bankrupt, control of their assets (referred to as their estate), with some exceptions, passes to the trustee. He or she realises them for the best possible value and distributes the proceeds to the bankrupt’s creditors.

Bankruptcy advice

Bailey Ahmad Business Recovery can explain the benefits and consequences of bankruptcy with regards the particular circumstances.

Bailey Ahmad as trustees

We also act as trustees of bankrupt estates to recover assets for the benefit of creditors, and advise debtors who are experiencing practical issues with the trustee of their estate.

Book Free Consultation

Creditors Voluntary Liquidations

Knowing when to use existing platforms and when to go bespoke, we make sure every hour of expert development is used to it’s maximum impact for your project. With an expert team knowing more languages than C3PO, we have not hit an obstacle we didn’t get over.

Members Voluntary Liquidation

Knowing when to use existing platforms and when to go bespoke, we make sure every hour of expert development is used to it’s maximum impact for your project. With an expert team knowing more languages than C3PO, we have not hit an obstacle we didn’t get over.

Business Recovery

Business Rescue

Business Turn-around

5 reasons your customers aren’t paying you

Regardless of the relationships that you’re building with your customers, there are occasions when…

I cannot thank these guys enough, the stress of having a failing company and not being able to do anything was extremely stressful. From day one they took control, helped me through the process, communication was first rate and they explained everything that was going on, which helped a lot. I can highly recommend Bailey Ahmad Business Recovery, it is never a nice position to be in, but their professionalism and dedication helped us through it.