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AFT Assists

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AFT Assists

We specialise in helping directors resolve their personal guarantee concerns.

30/08/2023

Can AI help Insolvency Practitioners?

Artificial Intelligence (AI) has been transforming industries, and insolvency practitioners are no exception.

Here’s how AI looks to help IPs:

Efficient Case Management: AI can automate the extraction of key information from legal documents, streamline routine tasks, and expedite the resolution process, allowing practitioners to focus on critical activities.

Enhanced Fraud Detection: AI algorithms can be trained to recognise suspicious patterns, flag potential fraud cases, and safeguard the interests of creditors.

Improved Decision Making: AI leverages advanced algorithms to generate data driven insights, assisting practitioners in making well informed decisions based on financial data, market trends, and legal precedents.

What do you think, will you be using it?

25/08/2023

The UK construction industry has witnessed a surge in insolvencies, with 4,165 firms collapsing in the last 12 months. Accounting for nearly one in five (17%) of all insolvent firms, this trend raises concerns about a potential "domino effect" for supply chains.

Learn more about this issue: https://loom.ly/HPgoBgY

If you or anyone you know is struggling with their business, even in the early stages, don't hesitate to reach out to our specialist team at AFT Assist. We work alongside Insolvency Practitioners helping Directors who have provided a personal guarantee in relation to business debt. Visit our website here: https://loom.ly/eW-MVBM

22/08/2023

Your trusted partner in Business Debt Resolution.

At AFT Assist we pride ourselves on handling complex financial challenges.

Our commitment to achieving successful outcomes is reflected in our latest case study, where we recently assisted a property developer whose investment property portfolio had been repossessed by a bank. The properties had been sold, leaving a shortfall of approximately £130,000.

After reviewing the banking arrangements, we found a number of procedural issues which helped us negotiate a final settlement at the reduced amount of £75,000 – a client saving of £55k or 42% of the original debt.

If you would like to read more examples of what we can offer at AFT Assist, click here: https://loom.ly/uf2VQiE

17/08/2023

Insolvencies soar to an all-time high as the Bank of England interest rates add to economic woes.

England and Wales have witnessed an unprecedented surge in company insolvencies during the second quarter of this year, reaching the highest level since 2009. Government figures revealed that 6,342 companies became insolvent in just three months, representing a significant 13% increase compared to the previous year.

The challenging macro environment post COVID-19, coupled with the impact of surging Bank of England interest rates, has intensified the struggles faced by businesses.

As many companies continue to grapple with loan repayments, soaring energy bills, and staffing costs, experts warn that larger companies may also be at risk of insolvency.

At AFT we work alongside insolvency practitioners to assist Directors with personal guarantee related issues. Learn more here: https://loom.ly/eW-MVBM

25/07/2023

If you are an Insolvency Practitioner currently working on a case involving personal guarantees, we want to hear from you!

At AFT Assist, we specialise in providing support and solutions for Directors facing personal guarantee challenges. We understand the complexities involved and are here to achieve the best possible outcome for your clients.

By partnering with AFT Assist, you gain the advantage of our deep industry knowledge and experience. Our track record of successful negotiations in settling solutions for Directors spans many years, giving you confidence in our ability to navigate even the most challenging cases.

Don't hesitate to get in touch with us today: https://loom.ly/z6y1bOE

12/07/2023

is to file for as part of its restructuring plan with AlixPartners lining up to act as administrators. Cineworld’s CEO and his top management team will be paid up to $35 million combined to leave the British cinema operator after it emerges from Chapter 11 proceedings next month.

Source: https://loom.ly/B1ZMwVM

27/06/2023

We recently achieved a client saving of £450k!

The substantial investment property portfolio had a loan facility of £1m. Loan payments were fully covered from rental income and they had an unblemished payment record. However, due to their bank changing its strategy they were given three months’ notice to find a new bank. Unfortunately, the deterioration in the property market left them in negative equity and they were unable to raise sufficient funds to repay the loan.

We at AFT Assist successfully negotiated a settlement agreement with the bank at £550k enabling the refinance to proceed – a client saving of £450k or 45% of the original debt.

If you're curious about more stories like this, we invite you to read about our customers' experiences on our website: https://loom.ly/uf2VQiE

01/06/2023

Are Royal Mail going to declare insolvency?

There have been recent reports that Royal Mail are exploring special administration amidst the continuing strikes, which has left many wondering whether they can do so.

According to the Postal Services Act 2011, the courts can only make a postal administration order if Royal Mail “is unable, or is likely to be unable, to pay its debts” or if it would be “just and equitable” to wind up the company in the public interest. An application for such an order must be made by or with the consent of the secretary of state.

With insolvencies rising, this is an interesting turn of events. Insolvency can affect any size of business, from Royal Mail to yours. So if your business is struggling and you have a personal guarantee, don’t worry, you’re not alone. Contact AFT Assist, we may be able to help you.

Read more: https://loom.ly/jDByVMc

30/05/2023

Don’t let lenders take advantage of your situation.

Lenders are in a strong position when it comes to SMEs and, when things go wrong, they can dominate the debt recovery process.

We redress the imbalance by giving you access to consultants with a wide range of both banking expertise and business experience who have been successful in negotiating settlement solutions for Directors over several years.

If you feel like lenders are controlling your situation and have nowhere to turn, contact AFT Assist, we may be able to help you: https://loom.ly/yTzRGYE

25/05/2023

As an IP, you will no doubt come across situations whereby Directors are concerned about the implications of personal guarantees following the failure of their business. When you do, AFT Assist could provide the solution.

We work in partnership with Insolvency Practitioners, to help Directors reduce the burden of their personal guarantee liabilities, whilst you focus on the business financials. It’s a win, win.

So, if you’re working on a case that includes personal guarantees, we would love to hear from you and build a long term partnership.

Need a little more convincing? Check out our success here: https://loom.ly/I1OiZ7A

11/05/2023

If your business is in trouble and you have a personal guarantee, you are going to want to see this!

Join our director Gary Whitehead as he discusses personal guarantees, how AFT Assist can help, and how we have helped many Directors before.

Watch here: https://loom.ly/uQKI350

03/05/2023

Is your business going into liquidation? Do you also have a personal guarantee that you are worried about?

Watch our director Gary Whitehead as he discusses personal guarantees and how we can help if your business is in financial difficulty: https://loom.ly/uQKI350

Address

Oak House 317 Golden Hill Lane
Leyland
PR252YJ

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm

Telephone

+441772644937

Website

https://aftassist.com/

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