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Definition
An insolvency practitioner is an individual authorised and regulated to take formal appointments — as administrator, liquidator, receiver or CVA supervisor. Their statutory duty is to creditors as a whole.
In plain terms
They are the licensed specialist who steps in when a company is insolvent. Many also advise earlier, when a rescue is still realistic.
Why it matters for your company
Engaging an IP early — while options remain — usually yields far better outcomes than waiting until enforcement forces the issue. See insolvency types and process.
Related reading
Liquidator
A liquidator is the insolvency practitioner appointed to wind up a company — collecting assets, investigating…
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A receiver is appointed by a secured lender to take and sell the specific assets it holds security over —…
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Administration
Administration puts an insolvent company under a licensed administrator and a legal moratorium — a…
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Company voluntary arrangement (CVA)
A CVA is a binding deal with creditors to repay debts over time (often at a reduced amount), letting a viable…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.