Case Studies

Personal Guarantees Case Study

The Challenge The company directors had liquidated a company and found themselves with Personal Guarantees in excess of £60,000 held with a major UK bank. The director could not remember signing a guarantee for the business account overdraft and loan…

Time to Pay and Creditor Voluntary Liquidation

The Challenge The company, providing building subcontracting services to major companies in London, had gotten itself into financial difficulty due to one of the director’s protracted illness which caused a backlog of un-chased invoices. At the same time the HMRC…

Dissolution

The Challenge We were contacted by the wife of the director of a Limited company. He had been advised to cease to trade and ‘walk away’ from the company as the debts were relatively small (below £20,000) and he did…

Creditors Voluntary Liquidation with Phoenix

The Challenge The company was a well established Removal Company that had found itself with significant debts caused by customers not paying invoices when due. The HMRC had sent in its own Bailiffs and was threatening to seize the company…

Creditor Negotiations

The Challenge The company, now a Group, had been trading for nearly 35 years and was well known and respected in its niche industrial sector. They had strong revenues but couldn’t get on top of their debts so called Company…

Individual Voluntary Arrangement

The Challenge Mrs Brown had had a challenging financial year but had managed to repay all her creditors save one, and her business was thriving again. Her kitchen showroom was busy and lots of sales orders were in the pipeline….