Business Details
48 Years
experience
Emergency
services
Your Trusted Partner for Insolvency Solutions
Established in 1978, FA Simms has developed a unique approach to supporting businesses facing financial challenges and insolvency. Our team prioritises understanding each client's specific circumstances to deliver tailored solutions, often saving businesses in ways previously deemed impossible. We collaborate with accountancy regulators and industry bodies to train professionals on business rescue processes and contribute expert insights to sector publications. Our reputation is built on care, quality, and a commitment to delivering professional, dynamic services. We invest time in understanding client needs, ensuring solutions align with their objectives while maintaining regulatory compliance and ethical standards.
Services
Creditors Voluntary Liquidation
Members Voluntary Liquidation
Compulsory Liquidation
No Asset Liquidation
Company Administration
Company Voluntary Arrangement
HMRC Debt Management
Business Insolvency
Sole Trader Insolvency
Business Rescue
Served areas
- Leicester, Birmingham, London
Details
- Year established: 1978
- Employees: 18
Highlights and features
- Established over 36 years
- Have helped 1,000's of small businesses
- Second generation family run business
- Team of qualified, licensed Insolvency Practitioners
Associations and certifications
- R3
- Insolvency Practitioners Association
What people say
Fast, efficient process
Stress-free experience
Excellent support
Transparent communication
Professional expertise
Services
Creditors Voluntary Liquidation
A formal process for closing insolvent companies by liquidating assets to repay creditors. Our licensed practitioners manage asset disposal, creditor communications, and regulatory filings. Directors benefit from reduced legal risks and structured closure, with support for post-liquidation planning and compliance.
Members Voluntary Liquidation
A tax-efficient solution for solvent company closures. We facilitate rapid asset distribution to shareholders while ensuring compliance with HMRC regulations. Our team handles all administrative tasks, including shareholder approvals, Companies House submissions, and Gazette notifications.
Company Voluntary Arrangement
A legally binding debt restructuring plan for insolvent businesses. We negotiate with creditors to freeze interest charges and establish manageable repayment terms. Our practitioners monitor compliance and provide regular reporting to ensure successful implementation.
No Asset Liquidation
A cost-effective liquidation option for companies with minimal assets. We offer fixed-fee services to streamline closure, including creditor negotiations and paperwork management. This process minimises director liability while ensuring regulatory compliance.
Company Administration
A formal process to restructure insolvent businesses through pre-pack sales or operational reorganisation. Our administrators protect viable business segments while negotiating creditor settlements. We focus on preserving company value and maximising returns for stakeholders.
People
Marco Piacquadio
Director & Licensed Insolvency Practitioner
With over 25 years' experience, Marco specialises in corporate insolvency solutions. Regulated by the IPA, he has guided hundreds of businesses through liquidation and rescue processes.
Alan Coleman
Director & Licensed Insolvency Practitioner
Alan brings 30 years of insolvency expertise, focusing on complex corporate restructuring cases. Regulated by ICAEW, he provides strategic advice to directors facing financial distress.
Rachel Ennis
Associate Director & Licensed Insolvency Practitioner
Rachel specialises in business rescue operations, with particular expertise in pre-pack administrations. She has managed over 150 insolvency cases across diverse industry sectors.
Mark Hopkins
Head of Compliance
As IPA-regulated practitioner, Mark ensures all processes meet regulatory standards. He oversees compliance for 200+ annual insolvency cases handled by the firm.
Cheryl Brown
Licensed Insolvency Practitioner
Cheryl focuses on SME insolvency cases, providing clear guidance on CVL, MVL, and CVA options. Her client-centred approach has resolved financial challenges for 500+ businesses.
Questions
What happens during a Creditors Voluntary Liquidation?
The process involves appointing a liquidator to sell assets, repay creditors, and dissolve the company. We handle all administrative tasks and creditor communications.
Can I start a new business after liquidation?
Yes, directors can establish new businesses post-liquidation, though restrictions apply regarding reuse of similar company names.
How does a Company Voluntary Arrangement work?
A CVA freezes debts and establishes a repayment plan over 3-5 years. Creditors vote to approve the arrangement, which becomes legally binding if accepted.
What are director responsibilities during insolvency?
Directors must cooperate fully, avoid preferential payments, and provide complete financial information to the appointed practitioner.
How much does liquidation cost?
Costs vary by complexity. No asset cases start from £1,500 plus VAT, with fixed-fee structures available for transparent pricing.
Can HMRC debts be included in a CVA?
Yes, HMRC debts can be incorporated into a CVA, with interest and penalties frozen once the arrangement is approved.