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We reviewed the company’s position and found total liabilities of over £400,000, including a £360,000 HMRC debt already established as fraud at tribunal. Because HMRC could pursue the directors personally if the debt went unpaid, we worked with the liquidator to negotiate a global settlement — a net repayment of £250,000 — securing HMRC’s assurance that no personal criminal proceedings would follow. The company was wound down cleanly through the CVL within twelve months.

Lightside secured an emergency adjournment of the bankruptcy petition hearing at four days’ notice and paid £10,000 at court on the day. When the bankruptcy order was subsequently made, Lightside took the case on in full and applied for annulment on the grounds the order should never have been made. HMRC contested the application and raised their demand from the original £60,000 to £194,000. Lightside challenged the revised figure successfully: the annulment was granted on the basis of the original petition debt. The bankruptcy was annulled, the record was cleared, and his FCA authorisation was preserved.

We established that both properties were beneficially owned by Mr. CR’s step-daughters — not by Mr. CR — and built the evidence case: source of deposits, documented intention at the time of purchase, and the written trust arrangement in favour of the step-daughters. We presented that case to the bankruptcy trustee with sufficient clarity that the trustee accepted the position without dispute. Both properties were excluded from the bankruptcy estate entirely. Mr. CR was discharged from bankruptcy within three months — nine months ahead of the standard twelve-month term.

Lightside devised and managed a strategy that disposed of fourteen loss-making properties through a coordinated managed repossession process, collecting rent until each lender took formal possession. Mortgage shortfalls and unsecured credit card debts were consolidated into a creditor arrangement with affordable repayments negotiated across approximately ten institutions. The couple’s equity-positive property in Camden was retained, and their son’s savings were protected through a CCJ and interim charging order secured ahead of other creditors. Their family home was preserved throughout.

We structured a pre-pack sale of the restaurant’s assets to a newly formed company at independently assessed fair value. All staff were offered TUPE transfer. The original company entered CVL, closing out its historic liabilities while preserving the brand, the team, and the customer base. The new company is trading profitably from new premises.

Mr. N had been in a debt management plan for some time but there was no strategy behind it — the balances barely moved month to month. We identified that the right route was a negotiated full and final settlement and assessed each creditor individually for their likely appetite for discount. Each settlement was confirmed in writing before any payment was made, and we carefully sequenced negotiations around a simultaneous property purchase so the debt resolution supported rather than disrupted the conveyancing. Mr. N paid just over £15,000 in settlement of liabilities exceeding £50,000.

Nimo and Tanya were hours from signing a liquidation engagement letter when they were referred to us. The company owed £7,800 to creditors — but the liquidation route would have triggered a personal demand for the £30,000 overdrawn director’s loan account, which the firm already engaged had not disclosed. We confirmed that voluntary strike-off remained available and settled all creditors in full for £7,800. No investigation, no conduct report, no DLA demand. Nimo saved over £22,000 compared with the liquidation route.