Skip to content
  • background image
    Welcome to RCM Advisory
    "creating order from chaos"
  • Background image
    Company Liquidation
    Business Recovery
    Personal insolvency
    Corporate consultancy
    Trusted, confidential advice when you need it
  • 0800 288 4088
    Call now for FREE confidential advice

RCM Advisory is a boutique specialist turnaround and insolvency firm created to help businesses and individuals understand their financial position from an insolvency perspective, helping them navigate their way through financial hurdles thereby avoiding and/or managing an insolvency outcome.

Our Core Services

Business Advice and Recovery

Corporate Restructuring and Turnaround Management

We are liquidators and carry out all formal insolvency procedures for companies and individuals

Latest Insolvency News

Insolvency & Business Recovery - latest news and press releases

Formal Insolvency procedures:

Company administration (Administration)

Administration is an insolvency procedure that places a business under the control of an appointed administrator. Creditor legal action is stayed, and it is usually entered into with the aim of rescuing or restructuring the company in order to avoid insolvency. Sometimes a company arranges to sell its assets to a new owner before appointing the administrator. This is known as a pre pack administration.

Company voluntary arrangement (CVA)

A company voluntary arrangement (CVA) is a formal process that is negotiated between a company and its creditors. The outcome allows repayment of the company's debts over a fixed time period. The aim of a CVA is to restore the business to health and therefore avoid company liquidation.

Negotiate to defer HMRC debts ('Time to Pay' arrangement)

If seen as a viable option, an insolvency practitioner could assist company directors in negotiating a Time to Pay arrangement with HMRC. This would allow the debt to be paid back in monthly installments. This would avoid HMRC seeking a winding up order.

Creditors' voluntary liquidation (CVL)

A Creditors Voluntary Liquidation (CVL) is a formal insolvency procedure which allows company directors to voluntarily choose to wind up an insolvent company. This will result in the appointment of a liquidator. They will then realise the company's assets in order to repay the creditors a percentage of what they are owed.

Members' voluntary liquidation (MVL)

A Members Voluntary Liquidation (MVL) is a formal insolvency procedure which allows company directors to voluntarily choose to wind up a solvent company. This will result in the appointment of a liquidator. They will then realise the company's assets, repay any creditors and then pay the surplus to the directors.

Provisional liquidation

Under certain circumstances, The Insolvency Act 1986 allows for the appointment of a provisional liquidator. This is an emergency procedure usually aimed at protecting a company's assets, if they are believed to be at risk. It can be requested after a winding-up petition is submitted, but prior to the actual court hearing.

Compulsory liquidation (Wind up order)

Compulsory liquidation is an insolvency procedure that is initiated by court order. This is when a creditor submits a winding-up petition to the court. If the creditor is successful, the official receiver will be appointed. If a winding up order is granted the company directors will have no control and the remaining options will be narrow. If you've been issued with a statutory demand or are being threatened with a winding up petition do not delay seeking advice. It's best to speak to a licensed insolvency practitioner straight away. A voluntary liquidation or a business rescue procedure could give you more control and a better time frame to work with.

Individual voluntary arrangement (IVA)

An Individual Voluntary Arrangement (IVA) is an alternative to personal bankruptcy. This is a legally binding agreement between the individual and his/her creditors. To enter into an IVA, a formal proposal must be put forward to all creditors. Under the law a licensed Insolvency Practitioner (IP) must assist in drawing up the proposal. They will act as the debtors Nominee and will fully assist in drawing up and putting forward the proposal. The proposal will be an offer to repay the debt (or often a percentage of the debt) over a given period. If the proposal is accepted the IVA will stop any interest being added to the debts and the debtor must then keep to the agreed payment schedule. If the payment schedule is kept to, the individual will be discharged at the end of their IVA. This will often result in a good portion of the individual's debts being written off by their creditors.


Bankruptcy is a court-based insolvency procedure that writes off an individual's debts if they can't afford to repay them. If you wish to apply for bankruptcy there are fees which are payable to the Insolvency Service. If an application for bankruptcy is successful, any assets will be placed into the hands of a court appointed Trustee. The Trustee has extensive powers of investigation, and it is their aim is to realise assets if there are any, in order to repay the creditors. If the bankrupt is cooperative with their trustee, they could be discharged in a little as 12 months giving them a fresh start. Bankruptcy will remain on their credit file for 6 years. Some lenders will not lend to bankrupts at all, therefore the ability to borrow after Bankruptcy will be severely restricted.

Advice that you can trust:

Our Managing Director is a Chartered Accountant and award-winning Insolvency Practitioner with over 30 years' experience within the Corporate, Professional Accountancy and Insolvency sectors. He is regulated by The Institute of Chartered Accountants in England & Wales and has a wealth of experience having worked in the United Kingdom, Australia, Spain, and the Netherlands.

Member of the Institute of Chartered Accountants in England and Wales (ICAEW)

ICAEW Licensed Insolvency Practitioner

We were awarded No. 1 Insolvency Practitioner in Norfolk 2018

Richard Cacho award winning insolvency practitioner

Member of R3 - Association of Business Recovery Professionals

ICAEW Licensed Insolvency Practitioner

Our 5 Step plan to get your finances into order

1. Get in Touch

The first step is the simplest, yet often the hardest. Get in touch by calling or emailing us.

Get Started now

2. Initial Consultation

We meet with a client and/or their advisor. We understand that every client's situation is different, so we need to gain a full understanding of all relevant circumstances, to enable us to determine the best course of action.

Get Started now

3. Understand your Options

A thorough assessment is conducted, during which we explore all viable options to avoid a liquidation or bankruptcy outcome. This could include considering turnaround and profit improvement strategies, informal debt settlements, negotiating payment plans with HMRC or other secured creditors, restructuring and other solutions.

Get Started now

4. Decide on Plan of Action

Once a client has all viable options before them, they can then weigh up and make an informed decision on the best course of action.

Get Started now

5. Implement Solutions

We work together to implement the agreed strategies in order to avoid bankruptcy or liquidation. Alternatively, if this is not possible we can arrange to conclude through formal liquidation or bankruptcy procedure.

Get Started now

We have offices nationwide

Head Office - Norwich  London  Cambridge  Bristol

Contact Us

  •  01603 883 443
  • 64-66 Westwick Street,
          Norwich, NR2 4SZ.

Freephone advice line

0800 288 4088

enquiry Form

find your local office