Insolvency Practices and Antecedent Transactions

Forensic analysis for
insolvency proceedings.

Key Ledgers provides independent forensic accounting analysis for officeholders, solicitors and Counsel in insolvency and antecedent transaction disputes.

PreferencesTransactions at UndervalueMisfeasanceAsset Recovery

150⁺

Expert witness instructions accepted for officeholders, liquidators, administrators and their Counsel.

Insolvency Practices

Recovery built on reconstructed records.

Antecedent transaction claims live or die on the financial reconstruction behind them. We rebuild the position from incomplete records, identify preferences and transactions at undervalue, and quantify the recoverable sum for the officeholder.

Every analysis is prepared as an independent expert under CPR Part 35, ready to support recovery action and to be tested at trial.

Discuss an Instruction

What We Cover

The forensic foundation of officeholder recovery.

Officeholders and Counsel need a financial picture they can act on. We reconstruct the accounts, isolate the transactions that matter and quantify the claim, setting it out so it can be relied on in correspondence, in proceedings and under cross-examination.

Insolvency Forensic AccountingOfficeholders - Counsel

Preferences

Identification and quantification of preferential payments, including the analysis of timing, the desire to prefer and the financial position at the relevant date.

Transactions at Undervalue

Analysis of transactions at undervalue, including valuation of the consideration given and received and reconstruction of the company's position at the time.

Misfeasance & Director Conduct

Forensic analysis supporting misfeasance and breach of duty claims, including the financial impact of the conduct complained of and the reconstruction of director drawings and loan accounts.

Asset Tracing & Recovery

Tracing of misapplied funds across related entities and accounts to support the officeholder's recovery action and quantify the sums available.

150+Expert Witness Instructions

20+Years in Practice

FCCAFellow of ACCA

CPR 35Court-Qualified Expert

Case Study

Real instruction - name withheld

Insolvency Asset Trace

Instructed to trace misapplied funds across a group of related entities following the appointment of a liquidator. The accounting records were incomplete and required reconstruction from bank statements and third-party documentation. The resulting analysis identified preferential payments and transactions at undervalue, forming the basis of the officeholder's recovery action.

Recovery action supported by forensic analysis

"Bharat provided clear and well-reasoned forensic accounting analysis... His work was instrumental and proved valuable in supporting the legal arguments advanced in the proceedings."

Andrew Barns-Graham, Barrister, 3 Hare Court

Bharat provided clear and well-reasoned forensic accounting analysis. His work was instrumental and proved valuable in supporting the legal arguments advanced in the proceedings.

Andrew Barns-GrahamBarrister, 3 Hare Court

150+Expert Witness
Instructions

20+Years in
Practice

CPR 35Court-Qualified
Expert

Common Questions

Insolvency questions answered.

If your question is not covered below, contact us directly and we will respond the same working day.

We act for officeholders - liquidators, administrators and trustees - as well as the solicitors and Counsel instructed in antecedent transaction and recovery proceedings. As an independent expert our primary duty is to the court.
Yes. Incomplete or unreliable records are common in insolvency. We reconstruct the financial position from bank statements, third-party documentation and underlying records, and we are transparent about the assumptions made where gaps remain.
For a preference we examine the payment, its timing relative to the relevant date, and the company's position at the time. For a transaction at undervalue we value the consideration given and received. In both cases the recoverable sum is quantified and the basis set out so it can be tested.
Our analysis is prepared to support the officeholder's recovery action and, where the matter proceeds, to stand as expert evidence. The work is structured so the financial case is clear to the officeholder, to Counsel and to the court.
Yes. Where we are instructed as an expert witness the report complies with CPR Part 35 and the accompanying Practice Direction, with the required declaration and statement of truth and the expert's overriding duty to the court.