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Pre-Pack Administration Frequently Asked Questions

Why use our service?

Our primary function is to provide you with the best advice possible.

Using a national service avoids the risk of a company’s position becoming known locally to competitors, trade suppliers or creditors.

We have a wealth of experience in assisting SMEs through the pre-packaged administration process and have completed 90 pre packs deals in the last 14 months.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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Are all Crown (VAT, PAYE, NIC & Corporation Tax) debts written off?

Yes, however this is on the proviso that there has been no fraud.

How much does our service cost?

Your costs will be significantly less than the amount of debt that you will be writing off. Please call us on 0121 222 2422 as each case is different.

Initial telephone advice is confidential and costs you nothing. Each case is very individual and requires a bespoke service for each client - therefore, there are no fixed prices. However, please do look at our Pre Pack Case Studies page for examples of work we've undertaken for clients, the results gained and what our fees were.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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Can I continue to pay & employ staff?

Yes. Transfer of Undertaking & Protection of Employment (TUPE) may require that all existing employment rights are protected in the new company.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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Can I continue to trade from the old company's premises?

The short answer is YES and the method for doing so depends on whether the premises are freehold or leasehold.

Freehold premises - If the phoenix company does not acquire the premises it may occupy them under license from the Administrator until the premises are sold. The phoenix company may also be granted a license to occupy the property until the sale of the freehold is completed, should the phoenix company wish to purchase the property.

Leasehold premises - The landlord would not normally allow the phoenix company to automatically take an assignment of the lease. However, the phoenix company could be granted a license by the Administrator to occupy the premises until a new agreement is signed with the landlord if this is required by the new business.

How much does our service cost?

Your costs will be significantly less than the amount of debt that you will be writing off. Please call us on 0121 222 2422 as each case is different.

Initial telephone advice is confidential and costs you nothing. Each case is very individual and requires a bespoke service for each client - therefore, there are no fixed prices. However, please do look at our Pre Pack Case Studies page for examples of work we've undertaken for clients, the results gained and what our fees were.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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Can I keep my existing phone lines & website?

Yes, this is all transferred to the new company in the sale of assets and goodwill.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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Can I keep my existing bank?

Yes, Barclays, HSBC and Lloyds will consider opening a new bank account. However under no condition will the RBS Group open a new bank account.

We would also recommend that our clients consider contacting Abbey National or The Alliance and Leicester Group as they currently offer free Business Banking.

We can also assist you in opening a new bank account with a new bank.

How much does our service cost?

Your costs will be significantly less than the amount of debt that you will be writing off. Please call us on 0121 222 2422 as each case is different.

Initial telephone advice is confidential and costs you nothing. Each case is very individual and requires a bespoke service for each client - therefore, there are no fixed prices. However, please do look at our Pre Pack Case Studies page for examples of work we've undertaken for clients, the results gained and what our fees were.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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How long does it take?

If there is financial pressure a pre-packaged administration can be accomplished in a few hours subject to debenture holder's co-operation. Our system is available to you 7 days a week.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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How much does our service cost?

Your costs will be significantly less than the amount of debt that you will be writing off. Please call us on 0121 222 2422 as each case is different.

Initial telephone advice is confidential and costs you nothing. Each case is very individual and requires a bespoke service for each client - therefore, there are no fixed prices. However, please do look at our Pre Pack Case Studies page for examples of work we've undertaken for clients, the results gained and what our fees were.

Please do contact us in confidence with any questions.
Telephone: 0121 222 2422 or Email: info@expresstaxsolutions.com

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