FA Simms & Partners Insolvency Practitioners
Business Consultant in Manchester, Greater Manchester
FA Simms & Partners is a business rescue and insolvency practice that was established 36 years ago in 1978. Being a family-run firm it is now second-generation led by Richard Simms, son of Frank Simms co-founder and chairman. Our introduction of all of our directors as shareholders in our business gives us increased strength and breadth of skills.We see our challenge as one of going beyond simply answering questions and giving industry standard advice but as one of creating unique and innovative solutions to individual circumstances. We take each client enquiry as an individual situation which means tailored advice is given for each specific set of circumstances.
Services include:
- Individual Voluntary Arrangement - IVA
- Company Administration Voluntary Liquidation - CVL, MVL
- Compulsory Liquidation
- Business Rescue
- Business Cash Flow Solutions
- Solutions for Tax Debt Problems
We offer free consultations at our Manchester Office.
Areas Served
- Leicester, Birmingham, London
Business Details
- Serving commercial and industrial clients
- Licensed and insured
- Year established: 1978
- Number of employees: 18
Highlights & Specialties
- Established over 36 years
- Have helped 1,000's of small businesses
- Second generation family run business
- Team of qualified, licensed Insolvency Practitioners
Professional Associations & Certifications
- R3
- Insolvency Practitioners Association
Social Profiles
Contact Details
From Website
FA Simms & Partners Insolvency Practitioners
read moreEvery business faces obstacles throughout its life. We see these as essential benchmarks from which you can evolve and thrive, however big - or small - your company is. Richard Simms, our managing director, is a chartered accountant, licensed insolvency practitioner and anti-money laundering expert. He has held Finance roles in business, banking and venture capital and seen how businesses work from every angle. This has given him incredible insight into the possibilities for companies to not only survive but succeed and transform.
About Us
read moreWe'll take the time to understand your challenges and aspirations, so that together we can find the solution that works best for you. This personal approach means we can often save a business in a way no-one thought possible. We can also set you up for a more successful future. We've championed this way of doing things since F.A Simms was established in 1978. Since then, we've enabled thousands of micro-, small- and medium-sized businesses to overcome their challenges and make the right decisions at the right time.
Services
read moreEvery business - and every business owner - is unique. Before we recommend any service, we take the time to understand the financial challenges your business is facing and your aspirations for its future. Once we've found a solution that works for you, our team of business rescue experts and licensed insolvency practitioners will help you put in place a tailored plan to overcome your challenges and prepare you for whatever comes next. A Company Voluntary Arrangement (CVA) is the formal process of freezing historic debts in order for a company and its creditors to come to a new agreement.
General Faqs
read moreTo find out if your business is insolvent, you can put it to two tests. 1. List out the different types of income that your business has. Then list out the expenses. If you don't have enough cash to pay staff, suppliers, HMRC, creditors, etc. on time and in full in the long-term then your business is insolvent. This weighs your assets against your liabilities. Calculate your assets (stock, premises, equipment, monies owed, cash in the bank) against your liabilities (debts to suppliers, your bank or other creditors).