Business Rescue and Restructuring

Mounting debts, HMRC arrears and Bounce-back loan repayments can all cause unwanted worry and stress for business owners.

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  • Is your business struggling to pay its debts as and when they fall due?

  • Have you received a statutory demand or winding up petition?

  • Restructure your debts into manageable payments.

  • Seeking early advice can often be the difference between business continuity or failure.

  • Contact us business-recovery@debt2collect.co.uk

Potential solutions available

Debt Restructuring

  • Restructure existing bank and lending facilities to maximise cash availability within the business.

  • Working with creditors and lenders to ease the pressure.

Company Voluntary Arrangement (CVA)

  • Allows the company to restructure its debts and pay them over pre agreed period of time.

  • It can also write off unaffordable unsecured debts.

  • It protects your company from legal action from creditors.

Creditors Voluntary Liquidation (CVL)

  • Removes creditor pressure.

  • Stops any legal action.

  • Can restructure the business to trade under a new company.

  • Employees can claim their unpaid wages and redundancy pay from the government.

Compulsory liquidation

  • When a winding-up petition is issued against the company and a winding-up order is issued by the courts

  • The company ceases to trade.

  • The assets of the company are sold.

  • Director conduct is investigated.

Members Voluntary Liquidation (MVL)

  • Tax efficient way to close down a solvent business.

  • Low cost.

Administration

  • Provides a company protection from its creditors or if a winding up petition has been issued.

  • Provides breathing space to formulate a plan outlining how to restructure or sell the company and its assets.

Should you wish to discuss rescuing or restructuring your business please e-mail us at business-recovery@debt2collect.co.uk with the issues you are facing and one of our advisors will be in touch.