Business Debt Solutions

Debt solutions for businesses and traders

Struggling to pay your business debts on time? Not getting enough cash in? What options are there for you and your company?

Is your business struggling under a debt burden

Debt solutions for your businesss

Worried  by the financial position of your business?  Debts mounting
Are you worried about your business debts, worried that the situation is out of control? Not enough cash coming in? You could already be breaking the law by continuing to offer credit whilst insolvent. You may already have tried to prop your business up by using personal guarantees with your bank to raise funds, re-mortgaged your home or used the assets of the business to secure a loan-Still the problem has not gone away.

Typical warning signs of a failing business in danger of liquidation or bankruptcy:
  •  Unable to pay VAT, PAYE or TAX demands
  •  Warning letters from HMRC
  •  Taking longer to pay your suppliers & creditors
  •  Avoiding contact with creditors
  •  Salary payments are late 
  •  Facing bailiffs actions or a county court judgement
  •  Accounts are not up to date and in a mess
  • Using your personal credit card to pay company  overheads
  • Cash flow is weak

You just want to get on with your business, focus on what you are good at-supplying your product or service to  customers on time and to agreed specification

There is a way forward
With extensive experience in business management & consulting Debt Solutions 4 business can offer you a free consultation to assess your business situation. A confidential 1 hour open discussion in which we can consider a range of options available to you.
Provided your business is based on a viable commercial proposition then there are good prospects of recovery and turnaround. We can look at a range of options open to you including :
  • Business restructuring to reduce overheads and revitalise sales
  • Time to pay arrangements with your creditors including HMRC
  • A CVA - A formal , binding arrangement with business creditors giving you up to 5 years to pay an agreed percentage of historic debt
  • An IVA-A formal arrangement with creditors covering your personal debt. You may been using personal credit cards and loans to support your business
  •  A managed liquidation process enabling you to cease trading in an orderly manner & start afresh
 Business recovery
 You will have the option of a professional business plan to relaunch your business over 3- 5 years covering key areas such as strategy, sales & marketing, financial control, HR & operational  management. 

 Draw on years of management experience & expertise in order to relaunch your business & put it back on track

Many businesses fail not because of a poor quality product or service but due to critical management weaknesses typically financial and cash management, lack of strategy and poor marketing.

Small privately owned businesses often have very good technical expertise in the sphere in which they operate but neglect to apply basic controls-such as efficient cash collection & management. Many fall into the trap of trying to win business on price alone or chasing too many small accounts & orders without considering the effect on profitability. Or they simply ignore the need for effective marketing-dismissing it as just advertising

We can help to identify the key strengths & weaknesses of your business and start a turnaround process

Specialising in sole traders and family businesses ,we apply established processes and strategies used in large corporations but scaled to meet the needs and size of your business-however small