Under Pressure from Business Debts

Debt problems frequently cause stress, and this can have a serious negative impact on your wellbeing. If you are under pressure from creditors or struggling with business debt, you don’t need to face these challenges alone.

As a company director, you are expected to cope with anything as a leader in your business, so when things go wrong, it can hit you hard. This can lead to a spiral of uncertainty and depression that can affect not only you, but those around you.

Thankfully, there are solutions available that can help you to get back on track. If you do nothing, the problem will often get worse. The sooner you act, the more options you will usually have to help you get through this difficult situation.

These solutions can include:

Time To Pay Arrangements

Support with cash flow problems

Advice on borrowing or generating new investment

Company rescue and recovery procedures

This means that whatever problems you are facing, there are procedures that can help you to solve them and rid you of the stress and pressure that are mounting up. Contact us today to learn how we can support you through the process of resolving your debts and returning your company to a healthy financial position. Call us on 0800 999 0666, or fill in our online enquiry form to arrange a call back.

Get in touch today

Why Choose Us

At Company Insolvency Advice, we are driven by our desire to help people and their businesses. We don’t just handle debt issues – we care about you. Our friendly, practical and straightforward advice can take the weight off your shoulders and clear the fog of stress, to help you see the path ahead more clearly. Thanks to our experience resolving many different types of corporate debt problems, we can guide you out of the difficult place you’re in, and towards the place you want your business to be.

Our team has first-hand experience of solving difficult situations that initially looked impossible, and we understand debt issues from every angle, enabling us to give you carefully considered advice. Company Insolvency Advice is proud of the fact that we help directors carry their companies through difficult situations and arrive on the other side, taking their stress away and allowing them to focus on what they do best – running their business.

Our conversations are totally confidential and impartial, which means that there is no risk for you in speaking to us and giving us an honest assessment of your situation. In this way, we can provide you with the best possible advice and give you the best chance of rescuing and recovering your business.

How Can I Resolve Corporate Debt Problems?

There are many different ways that companies can struggle with corporate debt, and there is no single solution. Instead, the only way to resolve your debt challenges is to speak to a professional for advice. There is nothing to lose by speaking to us, and everything to gain. Call us today to find out what solutions we can offer you – sometimes, talking about your problems is all it takes to start the recovery process, and by getting in touch with us you can take the first step towards a solution.

We can provide services to help with a variety of corporate debt concerns, including:

HMRC Tax Debts
HMRC Field Force visits
Bounce Back Loan repayments
Winding up petitions
Dealing with insolvency

The call you make to us could start the process of making everything better.

We are here to help. For bespoke advice tailored to your financial situation and your business’ needs, contact us today. Call us on 0800 999 0666, or fill in our online enquiry form to arrange a call back at your convenience.

  • HOW SHOULD I DEAL WITH CREDITOR PRESSURE?

Sometimes, creditors will threaten legal action or exert other types of pressure to try to force you to pay what you owe. If you do not have enough money to pay – for example, if you are waiting for your own debtor to pay you, or if your company has cash flow problems – this can leave you in an impossible situation.

Thankfully, there are steps you can take to deal with these problems. It is important to take action, as challenges like this will not go away on their own and could have serious consequences for yourself and your business. 

One of the best options is to secure a Company Voluntary Arrangement (CVA), which acts as a payment plan between your business and its creditors. You can achieve this through negotiation, or implement a legally binding CVA. Once an agreement like this is put in place, creditors are prevented from taking any legal action against you provided you stick to the terms of the arrangement, and this can be a great way to not only take the pressure from your creditors away, but also to pay back your debts and restore your business to solvency.

It’s important to note that the creditors will get to decide whether or not to accept a CVA if you decide to propose one. As such, you must make sure that your suggested payment plan is fair and reasonable from the point of view of the creditor. At the same time, it must be realistic for your business to meet the terms of the plan and pay the debt off on schedule, which means projecting and accounting for your cash flow over the long term.

The team at Company Insolvency Advice can help. By discussing your financial situation, we can evaluate the options that are available to you, advise you on the best ways to deal with creditor pressure, and support you to pay your business’ debts.

WHO ARE WE

Company Insolvency Advice

Company Insolvency Advice is a leading business rescue, corporate restructuring and insolvency specialists, with years of experience in providing corporate debt solutions. We understand the daily pressure you are under as a director and our team of expert consultants cover the whole of the country in order to discuss debt solutions with company directors.

NATIONWIDE COVERAGE

We cover the whole of the UK

From our office in the North West of England, we provide a national advice service to the whole of England, Scotland and Wales. We aim to offer tailored, high quality service of local business advisors, with the experience, knowledge and support of a huge, national organisation.

OUR EXPERTISE

Why clients choose us

  • Communication

Good communication holds the key to any financial advice for businesses and our remit is to provide clear and accurate debt advice.

  • Experience

Our staff have many years’ experience in dealing with ever-expanding creditor pressure and economic issues that affect companies.

  • Reputation

Company Insolvency Advice prides itself on the reputation it has built up over the years in assisting company directors resolve various financial issues.

Can't Pay Back Your Bounce Back Loan?
This is default text for notification bar