How Insolnet works

Log into Insolnet, create a case, enter the company name and a few basic details. The case is private to your firm at this point — we don't email your client and we don't engage with them directly. You're the relationship.

Two routes:

• • CSV upload (live now). You or your client export bank statements from the bank's online portal or your bookkeeping software, and you upload them through your dashboard.
• • Armalytix open-banking integration (in development). Once live: your client receives a single email from Armalytix authorising read-only access to their bank data. Armalytix forwards the structured transaction data to Insolnet automatically. The client doesn't receive any email from Insolvency Direct at this stage — the engagement remains accountant-to-client, as it should be pre-liquidation.

Our deterministic categoriser classifies every transaction (seeded with the directors' Companies House appointments and known counterparties), then Anthropic's Claude Opus applies the IP-specific findings review. A severity-graded report appears on your dashboard within minutes — findings cross-referenced to the pre-insolvency adjustments framework so each one comes with the relevant statutory hook (s.239, s.238, s.214, CA06 s.847 and so on).

Two sets of eyes look at the report:

• • You. You know your client's history and can interpret the findings in that context.
• • Alisdair Findlay, our accountant relationship manager, carries out the initial review — working through each finding and raising anything material with Joe Whiley, our licensed insolvency practitioner, so the report reaches you with the IP perspective on what each finding actually means in practice.

Alisdair issues the reviewed report to you and sets up a working call. Walk through the findings, discuss implications, identify options. Sometimes liquidation is the right path; sometimes there are restructuring routes worth exploring; sometimes a HMRC time-to-pay arrangement, a voluntary repayment of an overdrawn DLA, or a corrective entry changes the picture entirely. Where a question needs the IP directly, Joe joins the conversation.

You take the conclusions back to your client and advise. The decision sits with them, on your advice.

Liquidation costs are discussed openly between you, Joe, and your client. The CVL or MVL terms are agreed in writing. Your client now becomes Insolvency Direct's client for the purpose of the liquidation.

Insolvency Direct's KYC begins at this point (we're now the IP-elect, with statutory obligations). Your client provides ID and verification. The case questionnaire (24 sections covering company details, officers, employees, creditors, assets, banking, and so on) needs to be completed.

You can take this work on for your client if you wish — and there's a case set-up fee paid to the accountant for doing so. Many accountants prefer to keep this work in-house so they retain control of the client touchpoints. Equally, some prefer we engage the client directly. Either works.

Board meeting to pass the resolution, decision procedure with creditors, appointment of liquidator subject to creditor approval. We handle the statutory documents, Gazette notices, Companies House filings, and the Creditors Hub for claims and voting. Your client doesn't have to figure out an SIP 9 form.

We see the case through to closure under our licence — statutory reporting, dividend distribution if assets allow, final meeting, dissolution. Your share of the case set-up fee (where applicable) is paid on appointment. You retain the broader accountant relationship with your client throughout.