Generated by All in One SEO v4.9.10, this is an llms.txt file, used by LLMs to index the site. # CRG Insolvency & Financial Recovery Insolvency & Financial Recovery ## Sitemaps - [XML Sitemap](https://crginsolvency.co.uk/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [CRG appointed Administrators of Louth company, Extrupol Packaging](https://crginsolvency.co.uk/crg-appointed-administrators-of-louth-company-extrupol-packaging/) - CRG Insolvency and Financial Recovery were appointed Administrators of Extrupol Packaging Limited on 4th May 2022. Read full article here: https://www.thebusinessdesk.com/eastmidlands/news/2058775-packaging-firm-calls-in-administrators - [CRG IN THE PRESS: Business Live report on Arabella's success!](https://crginsolvency.co.uk/crg-in-the-press-business-live-report-on-arabellas-success/) - Article Published by David Laister Grimsby young professional Arabella Ranby-Gorwood named the rising star of the insolvency sector Second generation at established town firm takes national honour as she hopes to fly the flag for the profession One of the brightest young talents of the insolvency world is emerging from within a small family firm - [Arabella Ranby-Gorwood wins Rising Star of the Year](https://crginsolvency.co.uk/arabella-ranby-gorwood-wins-rising-star-of-the-year/) - We're delighted to announce Arabella was awarded the accolade at the IPA awards in November 2022. Arabella has been at the forefront of leading our Receivership and property focused work and we cannot wait to see what the future brings for her! Thank you to the Insolvency Practitioners Association for a wonderful evening in London. - [Repeat offenders: HMRC to make them personally liable](https://crginsolvency.co.uk/repeat-offenders-hmrc-to-make-them-personally-liable/) - For those encountering a number of insolvencies the Finance Act 2020 has introduced provisions to pin company directors with personal liability for the company tax debts on the basis that are using the insolvency process to avoid paying their taxes. The conditions that HMRC can put you on notice for this are as follows: - [Why dissolution doesn’t necessarily fix the problem](https://crginsolvency.co.uk/why-dissolution-doesnt-necessarily-fix-the-problem/) - It has become a worrying commonality to see rogue directors seeking the position of no liability and disqualification through dissolution of their companies rather than letting it go into Liquidation. Application of dissolution is usually made by a Director or indeed simply not filing returns and letting Companies House strike it off. In many - [COVID Loan Repayments - The potential pitfalls for directors](https://crginsolvency.co.uk/covid-loan-repayments-the-potential-pitfalls-for-directors/) - The dates for businesses to start to make instalment payments for loans obtained since the commencement of the Covid 19 lockdown, are starting for some, and many more will see these dates nearing over the next few months. Finance companies will be discussing with businesses to assist with this process, as clearly it is - [CRG IN THE PRESS: Macclesfield Town Football Club sale](https://crginsolvency.co.uk/crg-in-the-press-macclesfield-town-football-club-sale/) - It seems that an LPA Receivership that CRG Insolvency & Financial Recovery (“CRG”) had been conducting has made the news regarding Macclesfield Town Football Club (“the Club”) – In Liquidation. Charles Ranby-Gorwood of CRG was acting as LPA Receiver of the football ground, and the lender, HNW Lending Limited (“HNW”), had to obtain a validation - [BIG new law on pre-packs – significant? Yes – but needed.](https://crginsolvency.co.uk/big-new-law-on-pre-packs-significant-yes-but-needed/) - From the 30th April 2021, in an aid of increasing creditor confidence in pre-packs, new legislation is coming into force, namely, ‘THE ADMINISTRATION (RESTRICTIONS ON DISPOSAL ETC. TO CONNECTED PERSONS) REGULATIONS 2021. Yes, it’s always a long-winded title. Following the introduction of the (optional) pre-pack pool a few years ago, regarding connected party transactions, the - [February 2021 : where are we](https://crginsolvency.co.uk/february-2021-where-are-we/) - We now seem to have a first roadmap out of lockdown, and businesses are still asking for support as we recover. There may be expectations that some of the very considerable savings that have been put aside during lockdown, may soon start to be spent. Certainly the holiday industry has started to see bookings resume ## Pages - [Home](https://crginsolvency.co.uk/) - Where Financial expertise meets innovation. Rebuilding Futures. Restoring Confidence. We are leading specialist firm dedicated to guiding individuals, businesses and lenders through financial distress with precision, expertise and strategic clarity. - [Contact](https://crginsolvency.co.uk/contact/) - Expert Insolvency Guidance. One conversation could change everything. Expert Insolvency Guidance. One conversation could change everything. Get In touch Head Office 01472 250001 General Enquiry enquiries@crginsolvency.co.uk Address Alexandra Dock Business Centre Fishermans Wharf Grimsby DN31 1UL Get In touch Head Office 01472 250001 General Enquiry enquiries@crginsolvency.co.uk Address Alexandra Dock Business Centre Fishermans Wharf Grimsby DN31 1UL Get In touch Head Office - [Services](https://crginsolvency.co.uk/services/) - FINDING SOLUTIONS IN THE MOST CHALLENGING TIMES. PRECISION. STRATEGY. RECOVERY. PRECISION. STRATEGY. RECOVERY. PRECISION. STRATEGY. RECOVERY. We offer a variety of services from general advice through to formal insolvency. We act on behalf of individuals, companies, directors, shareholders, creditors and lenders to provide the the best solution for you. We aim to take off the - [Practice Fee Recovery Policy](https://crginsolvency.co.uk/practice-fee-recovery-policy/) - Practice Fee Recovery Policy PRACTICE FEE RECOVERY POLICY FOR CRG INSOLVENCY & FINANCIAL RECOVERY Introduction Edit This sheet explains the alternative fee bases allowed by the insolvency legislation when acting as office holder in insolvency appointments. The legislation allows different fee bases to be used for different tasks within the same appointment. The fee basis, - [About](https://crginsolvency.co.uk/about/) - WE ARE A LEADING INDEPENDENT INSOLVENCY PRACTICE. Who We Are With over 80 years of combined experience, we provide honest and practical advice while maintaining a personal, compassionate approach. Whatever your situation, we treat you with the utmost sensitivity, presenting clear, practical solutions to guide you through financial distress—because there is a way forward.Specialising in - [Lenders](https://crginsolvency.co.uk/lenders/) - We're not just an Insolvency Practice.We're your strategic financial recovery partner. We're not just an Insolvency Practice.We're your strategic financial recovery partner. We're not just an Insolvency Practice.We're your strategic financial recovery partner. We provide specialist financial and insolvency solutions that protect and maximise borrower and lender returns. We understand that loan book performance and - [Company Voluntary Arrangement](https://crginsolvency.co.uk/company-voluntary-arrangement/) - Company Voluntary Arrangement (CVA) What is it? A CVA is a formal procedure and a statutory legal binding agreement between your insolvent company and its creditors.This arrangement is used to enable rescue for viable businesses that need a chance to recover through a longer term arrangement of ring fencing any historical debts, potentially including some - [Provision of Regulations Summary](https://crginsolvency.co.uk/provision-of-regulations-summary/) - Provision Of Regulations Summary CRG Insolvency & Financial Recovery is a trading name of CRG Financial Recovery Ltd. Company No. 4948177 Trading/Registered address – Alexandra Dock Business Centre, Fisherman’s Wharf, Grimsby, North East Lincolnshire, DN31 1UL. Telephone 01472 250001. Email charles@crginsolvency.co.ukThe following information is designed to draw the attention of interested parties to the information required to - [For Sale](https://crginsolvency.co.uk/for-sale/) - Properties and Assets for sale PROPERTIES Broadway, Jaywick, Clacton-on-Sea Size: 2 bedroom x 1 bathroom Type: Residential & CommercialStatus: AvailableDescription: The property comprises of a ground floor restaurant and takeaway along with a first floor, two bedroom flat. The property is fully left to one tenant, providing an annual income of £13,800 and is sold subject to the current - [Cases](https://crginsolvency.co.uk/testimonies/) - Case studies vintage motor repair company A fast sale of assets Administration was used to follow a court order that had been independently obtained, however the business needed the additional assistance of the administration to complete matters. Read more The assets were of a specialist nature and by working with a professional agent, the amount - [Compulsory Liquidation](https://crginsolvency.co.uk/compulsory-liquidation/) - COMPULSORY LIQUIDATION? What is it This is an insolvency process initiated by an individual or company petitioning the court for a winding up of your company. Although this can be started by members or directors it’s usually an unpaid creditor of the company who is owed at least £750, and has already served an expired - [Members Voluntary Liquidation](https://crginsolvency.co.uk/members-voluntary-liquidation/) - Members Voluntary Liquidation (MVL) What is it An MVL is a formal process that allows you to liquidate your solvent (i.e. it can pay its debts) company. This is ideal for someone looking to retire or simply not wanting to run the business anymore as it allows the remaining assets to be distributed accordingly to shareholders, - [Creditors Voluntary Liquidation](https://crginsolvency.co.uk/creditors-voluntary-liquidation/) - Creditors Voluntary Liquidation (CVL) CVL is the most common type of insolvency, as you can liquidate your limited company (also called ‘winding up’), whereby the company will cease trading and employing people. Through the liquidation, the assets are used to pay off its debts with any remaining funds (if any) going to its shareholders. Eventually - [Corporate](https://crginsolvency.co.uk/corporate/) - Corporate How do you know if your business needs help? Are you experiencing one or more of the following...? If so you probably need to take some advice... Unable to pay staff wages significant cash flow problems pressure from creditors unable to obtain further credit your main creditor is HMRC you've incurred a significant bad - [Take the test](https://crginsolvency.co.uk/takethetest/) - TAKE THE TEST PAGE explanation goes here No Yes - Help what do I do? Yes I have received a petition to wind up your company from the court Seek insolvency advice immediately, you are at risk of COMPULSORY LIQUIDATIONPlease confirm if any of the following statements apply to you: Are you subject to a - [Personal](https://crginsolvency.co.uk/personal/) - Personal Personal Depending on when you seeking advice and your personal circumstances you usually have a few options available to you that may assist you in a troubled time. There are two main formal insolvency procedures that are available to individuals with personal debt problems. It is important to be aware though that the law - [Bankruptcy](https://crginsolvency.co.uk/bankruptcy/) - BANKRUPTCY Bankruptcy is a legal status for an individual who is unable to repay their debts over £5,000. This is generally seen as a last resort option when you are unable to negotiate payment plans, interest free period or indeed are unemployed, making an IVA (see later) not possible. By going bankrupt, all your unsecured - [Receiverships](https://crginsolvency.co.uk/receiverships/) - Receiverships If you or your company has a loan secured on property and you subsequently default on payment, that lender may have the right to appoint an LPA Receiver to recover their loan. Through the appointment the receiver takes control of the asset and works solely in the interest of the secured creditor (usually a - [Individual Voluntary Arrangement](https://crginsolvency.co.uk/individual-voluntary-arrangement/) - Individual Voluntary Arrangment (IVA) An IVA is a legally binding, (affordable) agreement between you and your creditors, to repay the whole or part of your debts over a period of time, in usually 3-5 years. These are usually recommended for individuals with debts above £10,000, but more often, higher than that.Unfortunately, not everyone can qualify - [Administration](https://crginsolvency.co.uk/administration/) - Administration What is it? Administration is a formal procedure in which you appoint an insolvency practitioner to act as the administrator of an insolvent company with a goal of bringing about some form of recovery, generally through a sale or trading. Administration can happen as quickly as 3 days, so sometimes a necessary route for - [Blog](https://crginsolvency.co.uk/blog/) - BLOG Welcome to CRG’s informative blog, bringing you posts, news, views and advice on credit management, insolvency and debt related issues. not only is this helpful for individuals or businesses seeking help but it aims to assist both the legal and finance profession when advising their clients on potential insolvency related matters. Keep an eye - [Privacy Policy](https://crginsolvency.co.uk/privacy-policy/) - Privacy Policy Who we are This privacy statement applies to CRG Financial Recovery Limited trading as CRG Insolvency & Financial Recovery. This privacy statement explains how we collect and use personal information about you. What personal information we collect Personal data, or personal information, means any information about an individual from which that person can be ## Elementor Header & Footer Builder - [Site Footer](https://crginsolvency.co.uk/elementor-hf/site-footer/) - Alexandra Dock Business Centre Fisherman’s Wharf Grimsby DN31 1UL 01472 250001 enquiries@crginsolvency.co.uk Linkedin Privacy Policy Practice Fee Recovery Policy Provision of Regulations Summary Alexandra Dock BusinessCentreFisherman’s WharfGrimsbyDN31 1UL 01472 250001 enquiries@crginsolvency.co.uk Linkedin Take the Test Privacy Policy Practice Fee Recovery Policy Provision of Regulations Summary Alexandra Dock Business CentreFisherman’s WharfGrimsbyDN31 1UL 01472 250001 enquiries@crginsolvency.co.uk Linkedin Privacy ## Categories - [Blog](https://crginsolvency.co.uk/category/blog/)