Debt Helpline offers a range of clear and confidential services to businesses struggling to pay their debts.
Is your business having trouble to paying off debts on time?
Have you been given demands from creditors but no idea how to meet them?
Has a bad debt or some other one-off event left you with short-term financial difficulties?
Trying to clear historic arrears which are causing problems?
Whichever scenario you find your business unfortunate enough to be facing, we can offer a range of options that can help your business tackle the financial problems. The quicker you look for our help, the quicker we can help you get your company back on its feet.
Many of our business clients are surprised by the volume of viable options that we can offer and are open to them. We can even usually help you continue trading if that’s what you believe that is best for your business.
Our team of experts have a broad range of experience in commercial liquidations. For a free and strictly confidential consultation contact a member of the team.
Call us free today 0333 300 3490
Putting a company or limited liability partnership into Once an licensed insolvency practitioner has been appointed as administrator, they will take control of the company and all of its assets.
During this time, creditors will not be able to take any further action against the company whilst the administrator prepares a plan to rescue, sell or liquidate the company.
Administrators have a number of options open to them including:
- Negotiating a Company Voluntary Arrangement (CVA) with creditors enabling the company to keep trading.
- Selling the business as a ‘going concern.’ The business can be sold back to management meaning it can continue trading in a different form.
- Selling company assets as part of a Creditors’ Voluntary Liquidation (CVL) with any money raised going to creditors.
A pre-pack administration is an arrangement under which the sale of all or part of a company’s business and assets is negotiated with a purchaser prior to the appointment of an administrator, following which the administrator effects a sale immediately upon appointment.
This option provides a seamless transfer from one business entity to another. It can help preserve value in a business and maintain continuity with customers and staff.