When businesses and business owners get into debt, it can be very helpful to have someone on your side. We work with businesses to achieve the best possible outcome from your debt situation. Because we work for you, the business owner, and not the bank or creditors, our only aim is to improve your situation by helping you manage your debt issue.
Getting into debt can feel very isolating with demands coming from all different directions and business owners often find themselves keeping things from colleagues and even friends and family. We are there for you every step of the way dealing with the creditors on your behalf, so you aren’t constantly worried about the phone ringing, negotiating terms, looking at the best way to manage your assets, dealing with colleagues and even talking to family members if you need support in explaining the situation to them.
Whether you have found yourself in difficulty after long term business problems or a one off illness or other sudden occurrence, we can help you either, recover the business, restructure it, wind it up or liquidate with the best outcome for you. We will give you honest and realistic advice about your options and will gladly work with Accountants, Insolvency Practitioners and Business Coaches to achieve the most appropriate and favourable small business rescue solutions. Read previous client reviews on TrustPilot or our testimonials page.
To book a free consultation or to just have an informal chat about our small business debt solutions please call 01323 446644.
The governments covid support schemes for business are coming to an end. The Coronavirus Job Retention Scheme (Furlough) will change from the 1st July 2021 and employers will need to start contributing towards an employee’s wages and on the 30th September the scheme is due to end leaving the employer to pay wages in full.
The Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loans (BBL) have been replaced by the Recovery Loan Scheme and is in place until 31st December. The government will guarantee 80% of the loan but borrowers will need to meet the lenders eligibility criteria.
Restart grants are currently and are one-off lump sums available primarily to businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors, although there are grants available to others including homebased businesses.
If you’re self-employed, the Self-Employed Income Support Scheme (SEISS) works in a similar way to the Coronavirus Job Retention Scheme as it also provides up to 80% of three months’ average trading profits with the final instalment available in July.
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