Company Rescue
Company rescue solutions
Company rescue and restructuring involves changing the financial and operational structures of a business with the purpose of making it more efficient. We are licensed Insolvency Practitioners, and we can help you find the best solution to rescue your company. We tailor our company rescue solutions to counter your specific problems. Please take a few minutes to complete our business review to find out how we can help. everything is free of charge in the first instance.
We help companies that are technically insolvent manage their debts and restructure their operational framework.
We hope to gain an understanding of your company and your situation, including any current or pending legal actions that you might be facing. We then provide you with some common-sense solutions covering the actions you need to take.
The team at the Business Debt Advisor have had decades of experience helping companies in distress. We promise to work with you, doing everything we can to rescue your company and help pay your business debts. Charges only start from when we start an agreed course of action.
If you are the director of an insolvent limited company, you should make it a priority to speak to one of our business advisors at TBDA. Don’t let the situation drift on. TBDA can provide help and advice to company directors on a whole range of business rescue scenarios. Call us today to arrange a free no-obligation consultation online, over the phone, or in-person.
Business rescue is possible even in the bleakest of situations. Directors should not be afraid of restructuring a company. We all face unprecedented business challenges, most of which came about following Covid-19.
There are a number of company rescue options. These include:-
- A formal Company Voluntary Arrangement (CVA) which provides an arrangement with the company’s creditors that they won’t bring legal proceedings.
- Company restructuring such as a sale of assets, the restructuring of debt, or seeking additional funding
- A forensic review of costs, pay structures, and the management structure.
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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.
Client Story
Shirley and her husband were involved as partners in the purchase of a potential development with another couple. Unfortunately part way through the development the relationship between the 2 couples broke down and Shirley and her husband decided to exit the deal and hand over their share to the other party. This resulted in action taken against Shirley’s husband and he chose to petition for Bankruptcy. At the time no action was taken against Shirley. However, some years later the other party issued a writ against Shirley and entered into a Deed of compromise to repay of £57,000 the debt by monthly repayments. Shirley’s sought advice from The Business Debt Advisor team on Shirley’s behalf. Shirley’s health had been seriously effected by a bout of cancer and the stress of the debt was effecting her recovery. As Shirley and her husband lived in rented accommodation and had minimal assets, it was clear that bankruptcy was really the only sensible option. The Business Debt Advisor team helped Shirley pull together financial information on her assets which were minimal plus her debts and income and expenditure. We helped her complete her bankruptcy application online and her husband who was still working, helped out with the application fee of £680. Within days Shirley was bankrupt and her experience of dealing with the Official Receiver was very positive. They agreed with her that she would affordable pay income contributions of £210 per month for a 3 year period.