“We have some company debt problems. As a director, it is hard to know exactly who to trust. We require support and are unsure about what to do?”
Directors Help & Support
The majority of our work is focused on providing tools and solutions that bring real help to business men and women like you across the UK. The services and solutions we provide to you as a director depend on your needs, so whether your company is viable and you want to trade on, you just need more time away from pressing creditors; you want to renegotiate company debts with HMRC or other creditors, or simply close your company down and start planning for a new future, we can help you. We assess all the risks whilst protecting and guiding you throughout the entire process from start to finish. Read some of our testimonials to see what our clients are saying about us. Below are some of the tools and solutions that we can provide you with, so get in touch if you require help and support with anything you are unsure about.
Administration can be a good solution to get some breathing space from pressing creditors. This solution is usually followed up with another outcome such as a company voluntary arrangement or voluntary liquidation.
We have many clients that require advice when making important decisions from cash-flow management and future proofing a company to business plans, we can help.
If your company has few creditors (people/businesses your company owes money to) and does not have a huge amount of business debt then dissolution may be something to consider if you want to close a company down. Whilst dissolution should never be seen as a cheap alternative to liquidation it does cost less and under the right circumstances can suit the situation depending on a few prerequisites. Get in touch to find out more on 08000 746 757.
Company Voluntary Arrangements (CVA
Company Voluntary Arrangements are legally binding agreements that are created between a company and its creditors. When a company has trouble repaying its debts but the business is still viable, it may be worthwhile considering a CVA as a means of trading on whilst repaying the retrospective debts in whole or in part. Call 08000 746 757 to discuss further.
Creditors’ Voluntary Liquidation (CVL)
If your company has acquired debts that it has no way of repaying then a Creditors’ Voluntary Liquidation could be the solution for you. If you intend to close a company down and would like to have a clean slate going forward, then this solution should be considered. It should also be noted closing a limited company does not necessarily mean the loss of the business.
Often in stressful times there can be disagreements between directors within a company and the situation can appear fraught with potential complications. We can provide you with external business guidance within a neutral forum to help resolve any disputes. We know how challenging these types of situations can seem and this is why we offer a bespoke service to help bring the circumstances to a constructive resolution.
If you have creditors pressing for payment but you need more time, we can help negotiate the terms of a repayment structure between the creditors and the business allowing you to get on with what you do best.
Members’ Voluntary Liquidation (MVL)
A Members’ Voluntary Liquidation is a solution for solvent companies to close down to gain access to company assets and or cash. The assets and cash are usually then divided between directors and shareholders. This solution must only be considered only if a company is solvent.
A Pre-Pack can refer to a pre-pack administration and the solution involves having a future buyer lined up to purchase the more profitable parts of the business whilst addressing the liabilities.