Business Bankruptcy - Company Insolvency Specialists

If you are a Director of a Company or self employed running your own small business, then our Company Insolvency Team can help you from the most basic of business issues to the most complex of company problem. Not only are we able to provide you with company liquidations and pre-pack liquidations but we can also assist with a Company Voluntary Arrangement (CVA) or an Administration Order.

Your business may be in a position where you may be struggling with sales or lack of new business coming in and you cannot see the way ahead, coupled with the fact that you may not been paid on time, or even at all by debtors. We may be able to refer you to a company who can assist you with a business change programme to assist you in turning around your business, this can be offered to you at the same time as a pre-pack liquidation or CVA and can often help a company trade its way out of a negative situation rather than deciding to put a company into liquidation.

As any Director of a limited company will know, decisions about your business must only be taken if in compliance with the company under the Companies Act 2006. Our dedicated advisors will ensure that all decisions you take comply with current legislation when considering the future of your company. This enables us to provide a whole of market service for people that are looking for business solutions. Call now to talk to one of our Company Insolvency Team on 0120 265 3657.

Business Finance

With the banks and the many financial institutions getting more and more anxious about the monies they have lent to people, it is no surprise that people are receiving very worrying and concerning letters from their lenders. Through the www.bankruptcy.co.uk website, we are able to put you in touch with business finance brokers so that, if you have sufficient equity available on your assets, they may be able to provide you with a finance offer which will enable you to pay off your existing lender and replace them with a lender that has a more commercial mind set.

Business Mortgages and Business Finance

It is evident that despite their protestations, the main banks have all but withdrawn from property based lending and are loathe to support companies and Business individuals who are in need of financial help.

The most damaging aspect to this is that the banks are not candid about their lending policies and they continue to purport to be open for business. Business as usual they cry. Not so. Valuable time can be lost finding out that the high street will not help with the consequential delay exacerbating the problem.

What then is the alternative for the business person in need of financial assistance? A Business Finance Broker will be knowledgeable about the whole of the lending market. The broker should be independent of any particular institution and will be able to give unbiased information and assistance.

If a business is in a challenging situation and finding it hard to raise funds we need to identify whether the main issue is the serviceability of proposed borrowing or, the value of the security to be relied upon.

If the ability to repay is hard to prove, but adequate security is offered, the solution may be a short term or bridging loan, sometimes called a high speed bridging loan – such as it is because a valuation and legal due diligence are the only processes and these can be progressed simultaneously and quickly.

This means that the borrower quickly receives much needed funds and has a window of time to address the ongoing issues affecting his business and the broker can work to prepare the business for a more traditional business mortgage.

If there is no suitable security we can look to other types of business finance such as receivables finance. This can take the form of factoring or confidential invoice discounting. This is effectively an instant advance against monies owed to the business.

In fact the economic downturn has seen the evolution of more imaginative ways for business persons to raise cash. Payroll funding is relatively new. The lender meets the payroll of a company for two months. On month three and thereafter, the lender meets the payroll and the company reimburses the lender for month one and so on.

Another example is advances against card terminal receipts. An advance is made against projected receipts and repaid by a deduction from those payments as they are received.

Another source of funding is from private investors. People seeking a return on their monies that is no longer available from bank and building society deposits are investing directly by lending to businesses disenfranchised by the banks. This is especially prolific in the property development sector.

So next time a bank manager says that his computer cannot help be aware that it is more than likely that an experienced business finance broker may well have an alternative solution.

We are committed to assist you if we possibly can. To speak to us call any of our contact numbers and state that it is a Business enquiry and we will endeavour to call you within the hour.

For more information, please complete our basic enquiry form and somebody will be back in touch with you shortly or call now on 0120 265 3657