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The Business Debt Advisor
Advice and Help
The Business Debt Advisor

Business debt helpCall Now for Advice and Help

  • No obligation advice
  • Nationwide service
  • Licensed and regulated

If you are a director of a company or manage your own business, talk to the Business Debt Advisor in confidence about options for company rescue or efficient company closure.

Advice and Help
Free Advice and Help

The Business Debt Advisor has been trading since 2000. We offer advice on managing business debts, for limited companies and those with unlimited liabilities. We are happy to provide a no-obligation consultation to help guide you in the direction which is right for you. Find out more.

Find out how we can help your business at a critical time. We offer a range of insolvency solutions from straightforward company liquidations to business rescues including Administrations and Company Voluntary Arrangements. Find out more.

Making the decision to close your business isn’t easy. Our experts can explain the steps you need to take to close a small business in the UK. Stopping self-employment, winding up or liquidating a limited company. Find out more.

Bounce Back Loans were introduced by the Government to help companies who were struggling due to the impact of the Covid Pandemic on their businesses.  Although the loans provided immediate financial relief for many companies they have resulted in many companies being burdened with debts which they are struggling to repay. Find out more.

Cash flow problems occur when a business does not have enough available liquid cash to cover its liabilities. When cash outflows exceed cash inflows, businesses may struggle to pay debts and other expenses. Find out more.

It is also not unusual for directors to borrow money from their companies resulting in “overdrawn” directors’ loan accounts. This may mean that when the company becomes insolvent the directors are personally liable to repay the company the money they have borrowed from the company. Find out more.

Creditors whose debts are personally guaranteed can take immediate action against the guarantors to claim repayment of their debts. If you are concerned about personally guaranteed debts call now and speak in confidence to a member of our team.  We will give you straightforward confidential advice and help you make the decisions which are right for you. . Find out more.

Wrongful trading is when the directors of a company allow it to continue building debts despite the business no longer being viable, with the directors either knew or should have known that there was no reasonable prospect of the company avoiding insolvency. Find out more.

Click Here For Advice

Whether you are a sole trader struggling to manage your day-to-day payments or you’re a director of a large company that is burdened by debts and looking for a way to salvage the company’s business, we are here to help. Our team of experienced professionals have dealt first-hand with business people in a wide variety of different situations over many years. We are happy to provide a free no no-obligation consultation to help guide you in the direction which is right for you.

Business debt advice

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Regulation by the FCA means that we can advise on and deliver both formal and informal solutions.  Our experienced team have been helping businesses for over 20 years. Our case studies and testimonials show a track record of achieving great outcomes for our clients.

Business Review

We can help with a variety of solutions depending on your particular circumstances including:

  • Company Rescue
  • Company Closure
  • HMRC TAX & VAT Negotiations
  • Company Voluntary Arrangements (CVA)
  • Creditors Voluntary Liquidation (CVL)
  • Company Administration
  • Pre-pack Administration
  • Winding Up Petitions
  • Compulsory Liquidation
  • Members Voluntary Liquidation
  • Partnership Voluntary Arrangement
  • Individual Voluntary Arrangements
  • Partnership Insolvency
  • Informal Debt Management for Individuals and Debt Compromise

Case Studies

Leroy was a self-employed Barrister. He had traded successfully for many years but due to raising a young family, a change in Chambers and a significant increase in book debt due to prolonged litigation, he relied heavily on the use of personal credit facilities to meet his and his family’s own personal living expenses. He was left with a number of unpaid personal debts and in particular, a large HMRC liability. After struggling for approximately a year, Leroy concluded that he had no option but to seek professional advice.

Leroy

Case Studies

The company operated as an online retailer of air conditioning units, dehumidifiers, heaters, and radiators. It marketed these products for sale across a number of different websites and supplied to customers throughout the UK, and EU member states. Sales were seasonal and the volume of sales had been affected by wet summers and mild winters which meant sales were slow. The company struggled with cash flow problems and a build-up of credit plus a material debt to the bank who held a debenture that the director had guaranteed.

Online Retailer

Case Studies

Michael and Laura took out a loan which was secured against their property. At the time it was easy to borrow more than the value of their property and this was used for general home improvements, as they had recently purchased their first home. They used credit for general living expenses and to supplement their income. They generally paid the minimum amounts due, this caused no issues for a while, however, the level of interest and charges began to accrue and they found it increasingly difficult to maintain the minimum payments.
Michael and Laura