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Licensed insolvency practitioner for Watford and South West Hertfordshire

Simon Renshaw
Author
Simon Renshaw
Licensed Insolvency Practitioner
Reading
10 min read
Published 1 June 2026

IQ Insolvency serves directors of companies in Watford, Bushey, Rickmansworth, Northwood, Hemel Hempstead, and across South West Hertfordshire. Same-day consultations with the JIEB-licensed insolvency practitioner — Simon Renshaw — without the call-centre handoff that characterises larger national firms.

Watford and the surrounding M25 corridor host a substantial concentration of owner-managed businesses, professional services firms, and trade and contracting companies that face the same pressures: HMRC demands, supplier insolvency in the chain, lease obligations on light industrial and warehousing premises, and the personal guarantee exposure that follows from years of trading. The advice required is the same as for a Mayfair company — but local accessibility and direct contact with the licensed practitioner matter.

02 · Five differentiators

Why directors choose IQ Insolvency

  • Direct access — you speak to Simon Renshaw, JIEB-licensed IP and sole director of IQ Insolvency. Not a call handler, case manager, or junior.
  • Same-day consultations — typically within 24 hours of first contact, often same-day where the position is urgent.
  • 13+ years of appointment experience — Simon has been an appointment-taking practitioner since March 2012, with a chartered accountancy background (ICAEW 2005, JIEB 2007 first attempt).
  • Practical strategic advice — not every problem requires a formal insolvency procedure. Where alternatives exist (TTP, refinancing, informal creditor agreements), those are explored first.
  • Continuity — the practitioner who takes the first call is the practitioner who runs the appointment, conducts the s.218 investigations, signs the conduct report, and handles the closing meeting.
03 · The full toolkit

Insolvency services available

Services available — Watford
Same-day consultations
CVL
Creditors Voluntary Liquidation
The standard route for insolvent owner-managed companies. s.84 resolution, s.100 decision procedure, statutory distribution.
6–12 month typical
MVL
Members Voluntary Liquidation
Solvent close-out for tax-efficient distribution of reserves. BADR 14% from April 2025, 18% from April 2026.
Solvent companies
ADM
Administration
Where rescue or a better-than-liquidation outcome is realistic. Statutory purpose under Sch.B1 IA 1986.
Sch.B1 IA 1986
CVA
Company Voluntary Arrangement
Statutory compromise preserving the trading entity. 75% creditor vote by value binds the rest.
75% threshold
DIR
Director duties advice
Pre-appointment strategic advice. ss.171–177 CA 2006 and the creditor-interest duty post-Sequana.
BTI v Sequana [2022]
04 · Recurring fact patterns

Common Watford-area director situations

  • Construction sub-contractors caught by main contractor insolvency — CIS deductions outstanding, retentions trapped, supplier pressure escalating.
  • Light industrial and warehousing tenants in business parks across Watford and Hemel Hempstead — rent arrears building, lease forfeiture risk, dilapidations exposure.
  • Owner-managed professional services firms — typically with substantial director loan account positions and BBL exposure that crystallised during 2020–2022.
  • Hospitality and retail businesses recovering from COVID-era distress with HMRC TTP arrangements that have subsequently failed.
  • Family-owned trading companies facing succession or director departure where trading position no longer supports the cost base.
05 · From Barnet base

Coverage and practicalities

IQ Insolvency operates from offices in Barnet (6A Nesbitts Alley, First Floor, Barnet EN5 5XG) with the registered office at 14th Floor, 33 Cavendish Square, London W1G 0PW. The Barnet office is within easy reach of the Watford area:

  • Watford to Barnet — approximately 25 minutes via the A41 / M1 corridor.
  • Bushey, Rickmansworth, Northwood — 20–30 minutes via the A4008 / A411.
  • Hemel Hempstead — approximately 35 minutes via the M1 / A41.

In practice, the initial consultation is typically held by telephone or video call, with subsequent meetings — including the statutory s.100 IA 1986 decision procedure where required — arranged at a convenient location. Most owner-managed company appointments do not require frequent in-person attendance once the procedure is underway.

06 · From first call to appointment

Engagement process

  • Initial call — direct to Simon Renshaw on 020 8153 1270. Confidential, free, typically resolves the diagnostic question (which procedure, if any, applies).
  • Where formal engagement is appropriate, a written summary of position and recommended approach is provided within 24 hours.
  • CVL, MVL or administration — procedural steps coordinated and appointment taken, typically within 7–14 days.
  • Throughout the appointment, the practitioner is directly contactable. Email simon@iqinsolvency.com or call 020 8153 1270.
07 · The licensing position

Regulation and credentials

Simon Renshaw is licensed by the Insolvency Practitioners Association (IPA) under the JIEB qualification (first attempt, 2007). He is a Chartered Accountant (ICAEW, 2005). IQ Insolvency Ltd is registered at Companies House under company number 12881088 (VAT GB 395 9117 53). Simon is a member of R3 — the trade association for the insolvency profession.

All formal appointments are conducted under the IPA regulatory regime, with SIP-compliant procedures and full insurance cover. Conduct is governed by the Code of Ethics and the Statements of Insolvency Practice.

08 · How to speak to a licensed IP

Contact

  • Phone — 020 8153 1270 (Monday to Friday, 7am–5pm).
  • Email — simon@iqinsolvency.com or info@iqinsolvency.com.
  • Trading address — 6A Nesbitts Alley, First Floor, Barnet EN5 5XG.
  • Registered office — 14th Floor, 33 Cavendish Square, London W1G 0PW.
Simon Renshaw
About the author
Simon Renshaw
Licensed Insolvency Practitioner · IPA No. 9712 · 30+ years' practice across CVL, MVL, administration, CVA and HMRC tax-debt resolution.
Full bio
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