Our back-office has been supplying non-customer facing resources for Insolvency Practitioners since 2016 because it makes sense. It makes sense as the operational tasks are process-driven and can be considered tedious and time-consuming, therefore attracting and keeping resources at a cost-effective rate is near impossible; consistency and longevity are key to success.
Our Insolvency Administrative Services team can take care of all or some of your back-office administrative functions, you determine what and how much you work with us. You can sub-contract your work to us and we will ensure that we meet an agreed Service Level Agreement (SLA) assuring quality work is delivered on time.
Any non-core office administration tasks can be completed by our experienced back office team, utilising your templates and workflow processes such as:
Search Company information on Companies House portal for, Shareholders and Directors, collating documentation such as Accounts, Annual Return / Confirmation Statements, Incorporation Certificate etc. In addition, we can review articles and obtain information on distribution (in specie or non-cash), short notice etc. Further searches via the Land Registry and online as per the specific requirements of a case.
Update and prepare General Meeting Letters for the Company’s directors and shareholders containing Minutes of director's meeting, Declaration of Solvency, Notice of general meeting, Minutes of general meeting, Deed of distribution etc.
Update and prepare Initial Letters containing Distribution Letters to members, Advertising Notice, Tax Clearance to HMRC, Letters to Debtors etc.
Prepare Case Reviews - Quarterly, Half-yearly and Annual. Case Review will provide an overview to the case status giving explanations preventing the case from being closed.
Prepare VAT, PAYE and CT refund distribution letters for members in case of refunds from HMRC. Our experienced team can manage all correspondence with HM Revenue and Customs.
Drafting an Annual Report for the company if the case exceeds one year. An annual report contains details of the company, remuneration of the liquidators, case status, work done by insolvency practitioner etc.
Prepare Draft Final Accounts for the closure of the case, once all the tax clearances and refunds are received from HMRC.
As a multi-skilled team, the preparation of any documents or reports can be undertaken as per your requirements. Additionally, if utilising any case management software our team can (once familiarised with the systems and procedures) update on a continual basis.
Analyse all bank statements of any related party over the previous 5 years in order to identify preferences. We will prepare full working schedules, which will identify preferences and indicative Directors current accounts.