50 years Business Recovery Experience

Independent advice tailored to you

You could claim on average £12,000 redundancy

Caring and reassuring professional advice

Our advice could stop creditor action

Experienced to stop court Action

Offering free director advice

Next day face to face meeting if required

Contact us in confidence on 0800 0465 608

50 Years
Insolvency Experience
0800 0465 600
FREE DIRECTOR ADVICE

Worried About Your Limited Company?

Experts In Business Recovery

What Our Clients Say

“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”

“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”

“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”

“Polite, knowledgeable, professional and courteous”

“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”

“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”

“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”

“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”

“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”

“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”

What Our Clients Say

“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”

“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”

“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”

“Polite, knowledgeable, professional and courteous”

“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”

“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”

“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”

“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”

“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”

“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”

Company Debt Help

Independent advice tailored to you

Claim on average £12,000 redundancy

Our advice could stop creditor action

Experienced in stopping court Action

Offering free director advice

Next day face to face meeting if required

Need help with your company debt?

Has your business has been successful until now

Have you lost a key customer which has affected cash flow?

The sooner you take steps the more options you have

Your business can be successful again if you take action now

Call us in confidence on 0800 0465 600

The majority of small and medium size businesses have experienced problems with their company debt.  This could be due to the loss of a large client, a sudden downturn in orders or late payments from customers. It when these issues keep occurring that you need to take action, the alternative is that your suppliers will take action against you.

What action can my suppliers take?

A supplier can pass the debt onto a collection agent or a solicitor to chase the debt. They can apply for a CCJ and if the debt is still not paid then they will issue a Statutory Demand giving you 21 days to make a payment. Failure to pay the debt after 21 days may then entitle the supplier to issue a winding up petition. If the debt is still not dealt with, the supplier could force your company into liquidation.

All of the above can be prevented if you take action and advice now.

What steps should I take?

Our advice is always seek assistance from the experts, you need to know if your business can be saved and whether it is advisable to continue to trade. You could end up losing more of your personal money and becoming personally liable for some of the company debt. We can provide you with the guidance you require.

Request a call back

What are my options?

Asset based financing option

You could release the value in your outstanding invoice ledger buy using an invoice finance or factoring company. There are numerous options, some are where your customers need not know that you are using a third party company as you continue to collect on the invoices. You could alternatively allow the third party to collect your invoices taking away the pressure and reducing resource requirements.

If your company has high value assets then you may be able to release the equity with a loan secured against that piece of machinery or equipment.

Make formal payment arrangements (CVA)

If your company could be profitable once you’ve resolved this temporary cash flow problem then a Company Voluntary Arrangement could be the solution. This allows you to make one monthly payment to cover all of your outstanding unsecured debt. The payments usually last between 36 – 60 months and a CVA stops all legal action and any interest from accruing on the debt. As long as you maintain your payment and your usual ongoing commitments you are able to continue to trade and regain some stability. Further information here

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Administration and pre pack sale

If your suppliers are threatening to liquidate your company then you could place it into administration, buy back the company assets and continue to trade. This is only viable if the company would be successful if it no longer had the old debt holding it back. The debt of the old company would be dealt with by the administration giving the new company a fresh start. The sale is usually agreed pre administration where the administrator obtains the best price for the assets. The sale will then take place once the company enters administration and the phoenix company continues to trade.

Administration is a powerful tool, contact us today to see if it is the right option for you

Liquidating your company (CVL)

If you don’t believe that your company can become successful again or you have simply just had enough, you could close your company down.  You appoint a liquidator who sells the company’s assets to pay the suppliers and any outstanding debt is kept within the liquidation. You can walk away from the company at this point and even purchase the company assets from the liquidator. A Creditors’ Voluntary Liquidation may be the right solution for you, call us now for free advice

Obtain your free online liquidation quote:

Free Online Liquidation Quote

Alternatively speak to our team on 0800 0465 605

There are many ways in which debt can affect a business. Lines of credit from suppliers are the lifeblood of most businesses as it allows them to purchase the required stock that they otherwise wouldn’t have been able to. If these were to cease it could have a devastating impact on production and subsequently profit.

Speak to me directly for free company debt help on 0800 0465 600

Andrew Ryder

Insolvency Practitioner, Business Solution Centre

Free Telephone Advice

Free Telephone Advice
Contact us today for free insolvency advice and information on our services:

+44 (0)800 0465 600

Mon-Fri: 8am-8pm

Redundancy Calculator


try our online calculator to see if you are eligible for a redundancy claim between £7000- £12,000.

Calculate Now

Contact our team today on 0800 0465 600

Case Studies

Manufacturing

Manufacturing Mr B – Northern Ireland. The Company was a small manufacturing business incorporated in 2010. The company was profitable with staff numbers increasing with six employees working at the company in its height of trade. Contact our Insolvency Specialists...

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Construction

Construction Mr H – Manchester. The company was incorporated in 2007 and the initial start-up costs were funded by the Director in hope that these will be repaid once the company became successful. Contact our Insolvency Specialists for Free Advice Today Make Your...

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Hospitality

Hospitality Mr B – Hartlepool. The company was incorporated in 2016 by the director and the start-up costs were self-funded by the Director. The Company ran a public house in the town centre of Hartlepool and relied on the Directors contacts within the industry such...

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About Us

What makes us different is our friendly and empathetic approach. Our team of experts, combined, have over 50 years’ insolvency industry experience. That’s why we genuinely understand the impact that insolvency can have not just on individuals, but on their families.

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