- The business suffered a significant decline in sales in 2021 due to the industry experiencing fluctuating restrictions to manage the impact of the Covid pandemic. After funding a marketing campaign that was unsuccessful at the end of 2022, the liabilities and ongoing operating costs of the business became unaffordable. The directors sought help from The Business Debt Advisor.
- A sale of the business and its assets was successfully completed in the Liquidation which has resulted in maximising realisations for the creditors of the company. The directors were able to demonstrate that by ceasing trading and taking steps to liquidate the company they had achieved the best outcome possible for the company’s creditors in the circumstances.
Beauty Salon Supplier (Liquidation)
The company began trading in July 2010. The business manufactured and supplied beauty products to salons.
The Business Debt Advisor is a trading style of The Debt Advisor Limited and is authorised and regulated by the Financial Conduct Authority. This means we can provide debt advice for individuals and business owners. No fee is charged for initial advice. However, we are a commercial organisation and if you choose one of our solutions, fees will apply and will be clearly explained to you. All consultations are confidential and without obligation. Business Debt Advice is regulated by the Insolvency Practitioners Association (IPA).
Find out how we can help your business
We provide the most comprehensive debt advice and support for individuals and business owners. Our experienced team offers a personal approach to finding solutions to your debt challenges.
