Personal insolvency practitioner services from NTF Financial Solutions

Who are NTF Financial Solutions?

NTF Financial Solutions Limited is an active company registered in England and Wales (06619172) (opens in a new tab) whose two directors, James Kaye and Nick Morgan, each hold more than 25% and not more than 50% of its shares (opens in a new tab) and are insolvency practitioners licensed by the ICAEW.

The company was incorporated on 13 June 2008. From our Wilmslow office we help individuals, sole traders and partnerships in England and Wales deal with personal debt.

We act as nominee and supervisor of Individual Voluntary Arrangements and advise on bankruptcy, and fees apply to both.

Some options are outside what we can do. A debt management plan needs permission from the Financial Conduct Authority, which neither NTF company holds, and Breathing Space and debt relief orders are started through an approved debt advice provider. Our pages on those options explain how they work and point you to free, independent advice.

Our office and registered office is 2nd Floor, Aus-Bore House, 19-25 Manchester Road, Wilmslow, the address Companies House records for the company, and we help people across England and Wales.

Who are our licensed insolvency practitioners?

Our licensed insolvency practitioners are James Kaye (IP number 9373) and Nick Morgan (IP number 9078), both licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) and both directors of NTF Financial Solutions Limited.

The licence is theirs, not the company's. Section 390 of the Insolvency Act 1986 (opens in a new tab) says a person who is not an individual is not qualified to act as an insolvency practitioner, which is why we name the two people who hold the licences on every page.

Nick Morgan has been a director since 19 October 2008 and James Kaye since 6 March 2009, according to the Companies House officers register (opens in a new tab). Both hold an ICAEW insolvency licence. Neither is an ICAEW member or a chartered accountant, although the ICAEW directory that lists them is called Find a Chartered Accountant.

Each profile sets out the register entries you can check yourself: read James Kaye's licence and profile or Nick Morgan's licence and profile.

What does a personal insolvency practitioner do?

A personal insolvency practitioner is licensed to act as nominee and supervisor of IVAs and as trustee in bankruptcy, and gives advice on which formal solution fits a person's debts. Section 388 of the Insolvency Act 1986 (opens in a new tab) lists those roles: trustee in bankruptcy, interim receiver, or nominee or supervisor of a voluntary arrangement.

As nominee, the practitioner checks your income, spending, debts and assets and puts an IVA proposal to your creditors. As supervisor, once creditors approve it, they collect your payments, pay your creditors and review your circumstances each year.

Bankruptcy works differently. When you apply for your own bankruptcy, the official receiver usually deals with your case first, so our part is to explain whether bankruptcy may suit you and what it would mean. Fees apply, and either route can affect your credit rating.

How are we regulated?

Our insolvency practitioners are regulated by the ICAEW, the authorising body that licenses them, and like every insolvency practitioner they must follow the Insolvency Code of Ethics (opens in a new tab) and the Statements of Insolvency Practice (opens in a new tab).

Neither NTF company is authorised by the Financial Conduct Authority, and we never say that we are. The Code also covers how insolvency practitioners advertise, which is why every page that invites you to call us says that fees apply and that an IVA or bankruptcy may not suit everyone.

You can check both licences, see the rules we follow and find out how to complain on our page about regulation, complaints and the insolvency practitioner register.

How is NTF connected to NTF Corporate Solutions?

NTF Corporate Solutions Limited, company number 11909410, is part of the NTF group: James Kaye and Nick Morgan are the two directors of NTF Corporate Solutions Limited (opens in a new tab) as well as of NTF Financial Solutions, and it helps limited companies and their directors.

If the debts belong to a limited company, NTF Corporate Solutions deals with company insolvency, and you can read about the same practitioners at NTF Corporate Solutions. NTF Corporate Solutions Limited is part of the NTF group and run by the same two practitioners, so the group benefits from any work it takes on.

The registers reflect the connection. The Insolvency Service register (opens in a new tab) lists both practitioners under NTF Corporate Solutions Limited, and the ICAEW directory links each of them to both companies.

Where can I read reviews of NTF?

Reviews of NTF Financial Solutions are on its Google Business Profile (opens in a new tab); this page links to them rather than quoting selected testimonials, so you can read every review, good and bad, where it was posted.

A Trustpilot page for NTF Corporate Solutions also exists. It belongs to the other NTF group company and its reviews describe company insolvency work, so it says nothing about an IVA or bankruptcy with us.