Understand Your Company’s Options
Whether you are considering closing your limited company, struggling with company debts or hoping the business can continue, answer a few questions about its current financial position. We will explain the realistic options, likely costs and next steps. You do not need to know which insolvency procedure, if any, the company requires.
- ✓ Clear advice on rescue, restructuring and closure
- ✓ Confidential help from an experienced insolvency team
- ✓ Clear costs before you make any decision
- ✓ No pressure and no obligation to proceed
You do not need exact figures. Reasonable estimates are fine.
Your details
We aim to call you back by 5pm the same working day.
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Confidential. No obligation to proceed.
How it works
A Clear Four-Step Process
You do not need to diagnose the problem yourself. Tell us what is happening and we will explain the realistic options.
Tell Us About the Company
Provide a few approximate figures about the company’s debts, assets and current financial position.
Speak With an Experienced Adviser
A member of our insolvency team will review the information with you and ask any further questions needed to understand the situation.
Understand the Realistic Options
We will explain whether the company may have a viable route forward or whether closure should be considered. This may include informal arrangements, restructuring or a formal insolvency process.
Decide What Happens Next
You will receive a clear explanation of the likely process and costs. You can then decide whether to proceed, with no pressure or obligation.
If a formal insolvency procedure is appropriate and you choose to proceed, it will be handled by a licensed insolvency practitioner.
Help you can trust
“Calling Company Debt was one of the best decisions I’ve ever made. I was given clear, genuine advice and a difficult time was handled sensitively and effectively.”
Company Director
Heating & Plumbing Company, London
Company debt and insolvency
Frequently Asked Questions
No. Many directors contact us before they know whether the company can continue, needs restructuring or should close.
Tell us what is happening and we will explain which options appear realistic. You are not expected to understand insolvency procedures before asking for help.
Possibly. This depends on whether the underlying business is viable, why the financial problems arose and whether the company can meet its future costs.
Possible solutions may include improving cash flow, negotiating with creditors, agreeing a Time to Pay arrangement with HMRC or considering a formal restructuring procedure. We will also tell you honestly if rescue does not appear realistic.
The cost depends on factors including the number of creditors, employees and company assets, the quality of the accounting records and the complexity of the case.
The figures you provide can be used to give an initial indication. The final fee and everything included in it should be explained clearly before you decide whether to proceed.
No. Completing the form or speaking with our team does not commit you to a formal insolvency procedure. You can ask questions, consider the information and decide what to do without any pressure to appoint us.
Directors are not normally personally responsible for debts taken out in the company’s name. However, you may remain responsible for debts covered by a personal guarantee.
Personal liability can also arise in some circumstances involving director conduct or particular liabilities. We will ask about any personal guarantees or related concerns during the consultation.
Some company directors may qualify for statutory redundancy and other employment-related payments if they were also genuine employees of the company.
Eligibility depends on factors including employment status, working arrangements and length of service. The Redundancy Payments Service assesses each claim and makes the final decision.
The timescale varies according to the company’s size and complexity, the assets that need to be realised and any matters that require investigation.
A typical liquidation may remain open for 12 to 18 months, although the director’s main involvement is usually concentrated near the beginning of the process. The likely timescale should be explained before you proceed.
Understand Your Company’s Options
Answer a few questions about the company’s current financial position. We will explain the realistic options, likely costs and next steps. There is no obligation to proceed.
Understand My Optionsor speak confidentially with an adviser on 0800 074 6757
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